How are Gifts Taxed? - Gift Tax Exemption Relatives List
In India, gifting forms an integral part of the culture and heritage. These gifts can range from articles of nominal value to high-value...
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Legal Art
Apr 4
NRI Investment in Mutual Funds in India
Ever wondered if living abroad means giving up on growing your money back home in India? Not a chance! If you're a Non-Resident Indian...
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Legal Art
Apr 4
Schedule FSI & TR for NRI: How to Fill FSI & TR Schedule in ITR?
Investors diversify their portfolios by investing in global markets. However, when investors liquidate these investments, they encounter...
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Legal Art
Apr 4
Income Tax on Capital Gains - Tax Implications
What are Long-term and Short-term Assets? The period of holding is bifurcated into long-term and short-term. If listed shares are held...
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Legal Art
Apr 4
NRE and NRO Account: Difference, Meaning, Taxation
According to the Foreign Exchange Act, an NRI cannot have a regular savings account. They have to switch their savings account either...
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Legal Art
Apr 3
What is Income as per Income Tax Act?
We hear a lot around us about Income Tax, Income Tax Return, Income Tax Department and so on. But have you ever given it a pause and...
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Legal Art
Apr 3
182 Days Tax Rule in India for NRIs
NRIs are individuals who have a family lineage of Indian parents/grandparents but have been living outside India for more than half of...
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Legal Art
Apr 3
Taxation of Foreign Source Income
Across the globe, many individuals benefit from the principles of liberalism, allowing them to generate income from diverse sources...
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Legal Art
Apr 3
Is Interest on Income Tax Refund Taxable?
Taxpayers often end up paying more taxes than they are actually required to pay. The taxpayer is eligible to claim the excess tax paid as...
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Legal Art
Apr 3
Is There Any Tax on Foreign Remittance?
The Union Budget of 2023 brought forth a range of new policies, various social sector initiatives, and a set of regulations aimed at...
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Legal Art
Apr 3
Penalty for Not Declaring NRI Status
Many Indian residents choose to relocate abroad for reasons such as education, employment, or business opportunities. After residing in a...
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Legal Art
Apr 3
What Is NRI Account? - NRI Account Meaning, Types & Benefits
As an NRI or PIO, managing your finances effectively can be a bit complex due to your unique situation of residing abroad while still...
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Legal Art
Apr 3
Lower TDS Certificate for NRI - New TDS Certificate Rules for NRIs
Unlike resident Indians, NRIs cannot avoid the deduction of TDS using Form 15G/H. Instead, they must apply directly to the assessing...
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Legal Art
Apr 2
Can NRI Buy Property in India? - Tax Implications on Purchase of Property by NRI
Non-Residents Increasingly Investing in Indian Real Estate. This surge is attributed to the temptingly low property prices and the rapid...
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Legal Art
Apr 2
Tax on Online Gaming in India
Online gaming has become a popular and booming industry in India. Whether playing games on a PC, gaming console, or mobile phone, online...
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Legal Art
Apr 2
Tax Implications on Capital Gains Earned by NRIs
Non-resident Indians (NRIs) encompass Indian citizens or individuals of Indian origin who maintain residence outside of India for a...
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Legal Art
Apr 2
Aadhaar-PAN Linking: What NRIs need to know about inoperative PANs
Presently, Non-Resident Indians (NRIs) find themselves grappling with the uncertainty surrounding the mandatory linking of Aadhaar and...
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Legal Art
Apr 2
Tax Implications of Investing in US Stocks
The allure of investing in US stocks has been growing among Indian investors for several reasons. The US stock market, being one of the...
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Legal Art
Apr 2
NRI: Meaning, Full Form
With the advancement of technology, physical boundaries have become practically non-existent in today’s world. This has led to an...
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Legal Art
Apr 2
Retrospective Amendment and Retrospective Tax
The annual budget presented by the Indian government every year is an amendment to the existing tax laws to plan the proposals and...
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