Income Tax Tribunal exempts NRI gift from taxation due to proven genuineness
The ITAT ruled that the Rs 20 lakh gift was legitimately exempt under Section 56(2)(x) of the Income Tax Act,
NRIs face scrutiny from Indian tax authorities over foreign assets and residency status
To mitigate risks, tax professionals suggest that NRIs provide clear and comprehensive replies to any inquiries and ensure that all
India updates foreign exchange rules to attract more investment
In an additional effort to promote financial inclusion, India has also permitted FDI in white-label ATMs, which is expected to
India-Africa partnership crucial for strong Global South, global rebalancing
As the Conclave continues to foster dialogue and partnerships, it stands as a testament to the enduring and evolving relationship
Indian spices not banned in Singapore, Hong Kong, says minister
The is government’s follow-up report highlights the ongoing efforts to ensure the safety and quality of Indian food exports, addressing
The Indian connection of GCC’s popular ‘Chai Karak’
Karak tea has firmly established itself as more than just a drink in the GCC; it is a cultural phenomenon
In 2023 Canada remained top preferred destination for Indian Students
The figure represents the highest in the past three years, up from 11,58,702 in 2021 and 9,07,404 in 2022 PRAVASISAMWAD.COM
New LTCG rules impact NRIs: Higher tax rates and loss of foreign currency adjustment
These changes may influence investment decisions, particularly as NRIs reassess the potential returns on their Indian assets PRAVASISAMWAD.COM The recent
NRIs push for legal safeguards to protect investments and properties
A significant challenge they face is the current criminal justice and legal systems in India, which do not permit NRIs
Over 200,000 Indians renounce citizenship in 2023
The government aims to harness the full potential of the diaspora, viewing them as a vital soft power resource. Efforts