Double Taxation Avoidance Agreement News

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How Can NRIs Prevent Double Taxation in India? | Mint Primer

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 2022
Opinion

Opinion | New regime calls for MNCs to change the way they do business

Taxmen have now created a framework where MNCs pay their fair share of taxes

2 min read28 May 2019
Money

US levies no inheritance tax if its citizen inherits assets in India from Indian resident

If 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 2018
Money

NRIs can’t buy plantation area, farm land, or farmhouse in India

The central bank does not permit an NRI to purchase agricultural land in India

3 min read26 Mar 2018
Money

Income tax arises in the year of accrual or receipt of income

The 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 2018
Market

Taxation of foreign income in India

India 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 2017
Money

NRIs do not need to visit India to get a Permanent Account Number

From 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 2017
Money

For resident Indians, income from anywhere is taxed in India

Once you are a resident in India, your income earned or received anywhere in the world is taxable in India

3 min read11 Sep 2017
Politics

India to restart FTA talks with Mauritius

The 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 2017
Politics

I-T department guidelines for interest waiver in specific cases offer tax relief

Senior 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 2017
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