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As an NRI, your India-sourced income will be taxed in IndiaSonu Iyer
We have a progressive system of taxation in India. It simply means— higher the income, the higher the payable tax. Moreover, the income tax is dependent on a slab system defined by the Tax Department. Note that various tax incentives are also added for that category who needs to pay lon...
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There are some conditions on the basis of which you may be resident but not ordinarily resident. For tax purposes, I was an non-resident India (NRI) for 6 years (FY2009-10 to FY2014-15). Then, I spent most of the last 2 financial years in India. As a result, for ta...
In India, two slab systems are working under income tax, namely, the old system and the new system. The new IT slab system was introduced with the annual Budget for taxpayers. The government has provided an option of choosing between the slab systems to the assesses. An income tax return ...
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Finance Minister Nirmala Sitharaman on Sunday said the government has full sovereign right on the income generated by an NRI in India and as such he will be taxed as per Indian laws. She, however, said, the income accruing to the NRI from the country he
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Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not taxable in India. But if an NRI earns income in India, in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in...