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...
As per the Income Tax Act, you must file an ITR (income tax return) when your income exceeds ₹2.5 lakhs. Filing an ITR is also necessary to claim a refund of excess tax deductions or carry forward or set off any losses. Now, with this sorted, the next question that arises ...
Ushma assisted me with the form 15CB and !5CA certifications and filing of the my tax return in India. She is extremely knowledgeable, proficient and efficient in her field of expertise. Working with Ushma was a delight as she is very prompt in her responses with a clear focus on clients...
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Some of the key areas of services to NRIs include NRI Remittance (15CA 15CB) Services, NRI Lower TDS or TDS Exemption Certificate (Form 13), NRI Income Tax Return, NRI Capital Gain Tax, NRI Property Purchase & Sale, Seafarer Taxation, NRI Income Tax Exemptions Deductions Reliefs, Migrating...
Maintain consistency in your tax return filing records. Claim a foreign tax credit in your country of residence, as per the applicable tax laws of the resident country. For e.g. for claim of FTC in India, you need to file online Form 67 with the Income Tax Department. To understand more...
Latest 2 years income tax return (if you are working for the same company for more than two years, then one year’s income tax return is sufficient) In case of a balance transfer, the sanction letter and loan account statement of the existing loan also needs to be provided ...
dividend tax rate for NRIs, Form 15G/15H for Stopping TDS on Dividends, how are foreign dividends taxed, How Are Taxes on Dividends Applicable for NRIs?, How Are Taxes on Dividends Applicable for residents?, How do you file the income tax return for dividend income, How much dividend is...
from the income tax department of India. This email generally comes to you in about 3 to 5 days, once a PAN number is issued to you. So kindly check the email address which you entered in your application form, as this is where all the communication from the government will reach to ...
NRI KYC form for mutual fund: NRIs need to submit their KYC documents, such as their passport, PAN card, and overseas address proof. Bank Account: NRIs need to have an NRE or NRO bank account to invest in mutual funds. PIS permission: NRIs need to obtain permission from their designate...