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
Oman to introduce Income Tax, impacting over 600,000 Indian expats
As Oman moves forward with its plans, the introduction of an income tax could mark a significant change for many
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, OCIs point to double taxation
Overseas Citizens of India (OCIs), according to recent survey findings, are upset with double taxation. Amongst respondents, 14.11 per cent
Tax on pension from overseas for NRIs settling in India
When NRIs return to India and become ROR taxpayers, their taxation starts from that year, not from the immediate year
How to avoid double taxation: NRIs should take advantage of DTAA
“These days many NRIs were getting notices, under section 133(6) or 142(2) of Income Tax through e-mails and faxes.” —