This comes as a big relief to non-residents who are not otherwise required to obtain a PAN in India. It is important to note that this facility can only be availed by a non-resident who is legally not required to obtain a PAN. Ge...
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Residential status is the main cursor of Income Tax liability in India for an NRI. For a resident, their Global income is taxable in India. For NRI's, income earned within India is taxable income. Examples of Income earned and are taxable income in India: ...
the taxable income amount of non-resident enterprise shall be based on the RMB amount converted from the foreign currency in accordance with the central parity rate of RMB exchange rate published by the State on the date of withholding. The date of withholding...
SBI decision comes after theReserve Bank of India raised the ceiling on interest rates on non-resident depositsto encourage the inflow of foreign currency deposits and to strengthen rupee in the wake of global financial crisis. More banks are expected to hike the NRI deposit rates in coming days...
A person is living outside India for employment became a non resident because he is not fulfill any basic condition From his income he remit some amount in India for day to day family expensesSo my question is that whether this particular amount is taxab
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Attitude of middle east based non resident Indians towards stadium services in India during Indian premier league cricket event 2013With IPL gaining ground in India and tourist momentum on a rise, there is a need to analyse the attitude of NRIs based in Middle East towards stadium services ...
NRI Demat Account through NRO (Non Resident Ordinary) Account route: NRO account is nothing but a simple Savings bank account. People use them to deposit income from India such as rents, dividends etc. In NRO Account, you can repatriate maximum one million USD per financial year. ...
Taxation:The interest credited in the RFC account balance is taxable on a quarterly basis. However, if the depositor is a resident under the Income Tax Act, 1961, and does not qualify as an ordinary resident, then he is exempt from tax payment for the interest earned on the RFC ac...