Nri Income Tax
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Income Tax Department Explains Why PAN Cards Of Some NRIs Were Made Inoperative
The department then asked the NRIs and OCIs to update their residential status on the income tax website.
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Government Extends Date For Filing Tax Forms On Foreign Payments
The Central Board of Direct Taxes has extended the last date for filing of income tax payments deductions for non resident Indians till July 15, 2021.
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NRIs Will Only Be Taxed On Their Indian Income: Government
"The new provision is not intended to tax Indian citizens who are bonafide workers in other countries. In some section of the media, the new provision is being interpreted to create an impression that those Indians who are bonafide workers in other countries, including in Middle East, and who are not liable to tax in these countries will be taxed i...
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Only Income In India Will Be Taxed: Minister's Clarification On NRIs
Finance Minister Nirmala Sitharaman on Sunday said that there is no intention to tax global income of NRIs and only income generated in India will be taxed. Nirmala Sitharaman, NRI, NRI Tax
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Centre Should Desist From Amending NRI Status: Pinarayi Vijayan
Kerala Chief Minister Pinarayi Vijayan on Sunday criticised the Centre to amend the section 6 of the Income Tax Act, 1961, which stipulates conditions for determining the residential status for tax purposes in India.
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Rules Tweaked In Budget, NRIs Not Paying Tax Abroad To Be Taxed In India
Non-resident Indians (NRIs) who don't pay taxes in a foreign country will now be taxed in India, the Union Budget has proposed. It has also said that a person, to be categorised as a NRI, will now have to stay abroad for 240 days as opposed to the earlier stipulated period of 182 days.
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For These Tasks, You Will Be Able To Quote Aadhaar Instead Of PAN
Aadhaar-PAN inter-linking: While the government has allowed quoting of Aadhaar in place of PAN under the Income Tax Act, it has also announced grant of Aadhaar to NRIs on arrival without a waiting period. Meanwhile, the Income Tax Department has set a September 30 as the last date for assessees to link the two "unless specifically exempted". Aadhaa...
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10 Key Things To Know About Changes In PAN, Aadhaar Rules
The government has announced a slew of changes in rules relating to Permanent Account Number (PAN) and Aadhaar. From allowing quoting of Aadhaar by assessees in place of PAN for filing income tax returns to grant of Aadhaar to non-resident Indians (NRIs) without a waiting period, some of the recent changes in Aadhaar and PAN were announced in the U...
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Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
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PPF Account To Be Closed If Account Holder Becomes NRI
NRIs are not allowed in instruments like the National Savings Certificates, Public Provident Fund, Monthly Income Schemes and other time deposits offered by the post office.
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NRIs Don't Need To Give Account Details If Not Seeking Refunds: Government
The Central Board of Direct Taxes' new returns form has a column which seeks details of foreign bank accounts held
-
Are You An NRI? Five Income Tax Rules To Know
If an Indian citizen leaves the country for a job abroad or as a crew on an Indian ship and spends less than 182 days in India in a year, he or she is considered non-resident for tax purposes.
-
Income Tax Deductions Available to NRIs
Non-resident Indians have to pay tax and file a return in India if there income from sources in India exceeds Rs 2,50,000 in financial year 2014-15. Similar to resident Indians some deductions are available to non-resident Indians in their tax return.
-
Taxable Income of NRIs: Things to Know
If you have moved abroad recently, you may be worried about ensuring your tax compliance in India for financial year 2014-15. Whether one has to pay tax and file a return in India depends upon the individual's residential status.
-
HSBC fears 'significant' penalty in NRI tax evasion probe
The US tax department is investigating possible evasion of federal income taxes by the American residents of Indian origin through use of their accounts with HSBC India.
-
Income Tax Department Explains Why PAN Cards Of Some NRIs Were Made Inoperative
The department then asked the NRIs and OCIs to update their residential status on the income tax website.
-
Government Extends Date For Filing Tax Forms On Foreign Payments
The Central Board of Direct Taxes has extended the last date for filing of income tax payments deductions for non resident Indians till July 15, 2021.
-
NRIs Will Only Be Taxed On Their Indian Income: Government
"The new provision is not intended to tax Indian citizens who are bonafide workers in other countries. In some section of the media, the new provision is being interpreted to create an impression that those Indians who are bonafide workers in other countries, including in Middle East, and who are not liable to tax in these countries will be taxed i...
-
Only Income In India Will Be Taxed: Minister's Clarification On NRIs
Finance Minister Nirmala Sitharaman on Sunday said that there is no intention to tax global income of NRIs and only income generated in India will be taxed. Nirmala Sitharaman, NRI, NRI Tax
-
Centre Should Desist From Amending NRI Status: Pinarayi Vijayan
Kerala Chief Minister Pinarayi Vijayan on Sunday criticised the Centre to amend the section 6 of the Income Tax Act, 1961, which stipulates conditions for determining the residential status for tax purposes in India.
-
Rules Tweaked In Budget, NRIs Not Paying Tax Abroad To Be Taxed In India
Non-resident Indians (NRIs) who don't pay taxes in a foreign country will now be taxed in India, the Union Budget has proposed. It has also said that a person, to be categorised as a NRI, will now have to stay abroad for 240 days as opposed to the earlier stipulated period of 182 days.
-
For These Tasks, You Will Be Able To Quote Aadhaar Instead Of PAN
Aadhaar-PAN inter-linking: While the government has allowed quoting of Aadhaar in place of PAN under the Income Tax Act, it has also announced grant of Aadhaar to NRIs on arrival without a waiting period. Meanwhile, the Income Tax Department has set a September 30 as the last date for assessees to link the two "unless specifically exempted". Aadhaa...
-
10 Key Things To Know About Changes In PAN, Aadhaar Rules
The government has announced a slew of changes in rules relating to Permanent Account Number (PAN) and Aadhaar. From allowing quoting of Aadhaar by assessees in place of PAN for filing income tax returns to grant of Aadhaar to non-resident Indians (NRIs) without a waiting period, some of the recent changes in Aadhaar and PAN were announced in the U...
-
Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
-
PPF Account To Be Closed If Account Holder Becomes NRI
NRIs are not allowed in instruments like the National Savings Certificates, Public Provident Fund, Monthly Income Schemes and other time deposits offered by the post office.
-
NRIs Don't Need To Give Account Details If Not Seeking Refunds: Government
The Central Board of Direct Taxes' new returns form has a column which seeks details of foreign bank accounts held
-
Are You An NRI? Five Income Tax Rules To Know
If an Indian citizen leaves the country for a job abroad or as a crew on an Indian ship and spends less than 182 days in India in a year, he or she is considered non-resident for tax purposes.
-
Income Tax Deductions Available to NRIs
Non-resident Indians have to pay tax and file a return in India if there income from sources in India exceeds Rs 2,50,000 in financial year 2014-15. Similar to resident Indians some deductions are available to non-resident Indians in their tax return.
-
Taxable Income of NRIs: Things to Know
If you have moved abroad recently, you may be worried about ensuring your tax compliance in India for financial year 2014-15. Whether one has to pay tax and file a return in India depends upon the individual's residential status.
-
HSBC fears 'significant' penalty in NRI tax evasion probe
The US tax department is investigating possible evasion of federal income taxes by the American residents of Indian origin through use of their accounts with HSBC India.
