by Gaurav Matta | Mar 21, 2025 | Tax & Compliances
The Overseas Citizen of India (OCI) Benefits and Eligibility scheme has become an essential offering for individuals of Indian origin residing outside of India. Since its introduction in 2005, OCI has become a key way for NRIs and PIOs (Persons of Indian Origin) to...
by Gaurav Matta | Mar 17, 2025 | Tax & Compliances
For Non-Resident Indians (NRIs), understanding how TCS affects NRI remittances is crucial when sending money abroad. One of the most important aspects NRIs need to be aware of is TCS and LRS for NRIs, which directly impact the amount transferred under the Liberalized...
by Gaurav Matta | Mar 12, 2025 | Tax & Compliances
For Non-Resident Indians (NRIs) who are selling property in India, understanding the complexities of NRI tax compliance on property sale is crucial. While the transaction happens in India, the IRS mandates reporting of the gains for US tax purposes. Navigating the...
by Gaurav Matta | Feb 28, 2025 | Tax & Compliances
A Tax Residency Certificate (TRC) for NRIs & DTAA Benefits is an official document issued by the tax authorities of your country of residence (USA, Canada, UK, etc.) to prove that you are a tax resident there. This certificate is essential for NRIs who wish to...
by Gaurav Matta | Feb 24, 2025 | Tax & Compliances
India’s tax landscape is undergoing a major transformation with the introduction of the New Income Tax Bill 2025 for NRIs. This proposed legislation aims to simplify tax compliance, reduce legal complexities, and ensure a more taxpayer-friendly framework. For...
by Gaurav Matta | Feb 18, 2025 | Tax & Compliances
The Union Budget 2025 financial impact on NRIs is significant, introducing key reforms aimed at simplifying tax compliance, easing remittance rules, and tightening regulations for non-residents. These changes reshape India’s fiscal policies, influencing...
