If your status is NRI, as per Income Tax Act, your income which is earned or accrued in India is taxable in India. Your global income is not taxed. What kind of income is taxable for NRI? Salary received in India or salary for service provided in India, income from ahouse propertysitu...
How to compute taxable income from House Property Share Trading Income for NRIs – Is it Business Income or Capital Gain? How can an NRI open a Demat Account? What is E-RUPI? Is the spouse of an NRI considered an NRI? Can spouse of an NRI operate an NRO / NRE Account? New “...
Exempt income refers to income which though is earned and received during the financial year is not taxable. Certain type income can be exempted from tax provided certain conditions are met which are defined in Income Tax Act. Exempt income includes tax-free sources of income, such as ...
The loan can be received only in two ways. The first way is to debit the NRE/NRO/FCNR account of the NRI and give the loan to the Indian resident. The second way is by inward remittance from outside India.The loan cannot be given for more than three years.The rate of interest on...