Non-Resident Indians, or NRIs, who stay abroad for a minimum of 182 days in a year, are eligible to apply for tax exemption in their country of residence if they have already paid tax in India.
21 Dec 2022Taxmen have now created a framework where MNCs pay their fair share of taxes
2 min read28 May 2019If a US citizen inherits property from a person who is not a US citizen, resident or a green card holder and also the property is not located in the US, it will not levy taxes on such inheritance
1 min read28 Aug 2018The central bank does not permit an NRI to purchase agricultural land in India
3 min read26 Mar 2018The chargeability to income tax arises in the year of accrual or receipt of income. Tax incidence does not arise on remittance made
3 min read12 Feb 2018India follows residence-based tax system under which a resident is taxed on his global income while a non-resident is taxed on his income sourced in India
5 min read22 Dec 2017From income-tax perspective, there is a specific exemption for foreign citizens on the requirement to obtain Aadhaar for income-tax return filing and PAN application
3 min read16 Oct 2017Once you are a resident in India, your income earned or received anywhere in the world is taxable in India
3 min read11 Sep 2017The decision to restart negotiations on India-Mauritius free trade agreement (FTA) follows a double taxation avoidance agreement (DTAA) signed last year
2 min read14 Aug 2017Senior officials of I-T department can now waive or reduce interest in cases where the assessee genuinely believed no tax needed to be withheld
1 min read25 Mar 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared