Rental income in India is taxable in India regardless of NRI statusSonu Iyer
However, you do not meet any of these conditions. You will be considered an ordinarily resident Indian for tax purposes. If you are ordinarily resident in India, your income earned or received anywhere in the world is taxable in India. Therefore, income earned in Dubai will be t...
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Taxable income for NRIs According to the FMEA and the ITA Act 1961, as per the NRI tax rules, an NRI can pay taxes in the following ways. In India, the taxable income of an NRI in a tax year exceeds the exemption limit of Rs. 2 lakh INR, and capital gains for any NRI can make...
View non resident indians latest news headlines and current affairs at Welcomenri. The Indian diaspora is always looking for ways to keep in touch with India, Indians and among themselves. welcomenri.com is India's No.1 news website and we hope to make o
NRI is likely to face in India. This network of some of the best legal minds spans the length and breadth of India. We are now 500 plus lawyers in our growing tribe, spread almost all over the country. Our pillars of strength are grounded in our legacy, goodwill and exceptional ...
Is foreign remittance taxable in India? The Finance Minister, in the last financial year had introduced a Tax Collected at Source (TCS) of5%on all outward remittances above ₹7 lakh. The Finance Minister, in the last financial year had introduced a Tax Collected at Source (TCS) of 5% on...
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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We are Providing Bookkeeping, Payroll, Staffing Services, Taxation, Setting up Business in India, Cloud Accounting, Direct & Indirect Tax, NRI Advisory, and other Consulting Services. Read More Why choose us? Ability to Provide high quality & useful advice to clients is entirely driven by the ...