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Sonu Iyer

NRI whose income isn’t fully taxable can file Form 13 for low TDS certificate

2 min read . 20 Jan 2020

Shares listed on a recognized stock exchange are classified as long term if they are held for more than 12 months. (iStock)

NRIs investing via convertible foreign exchange have special tax provisions

2 min read . 06 Jan 2020

No need for TDS on rent if NRI’s India taxable income is less than ₹2.5 lakh

2 min read . 16 Dec 2019

You may claim relief under Section 89 of the Income-tax Act (Photo: iStock)

NRIs who get arrears of salary from past services in India need to pay tax on it

3 min read . 02 Dec 2019

You must comply with TDS rules when buying a property from an NRI seller

2 min read . 18 Nov 2019

The income arising from transfer or use of inherited property in India will be taxable in India (Photo: iStock)

Property held for more than 24 months is classified as long-term capital asset

2 min read . 04 Nov 2019

Residential status is determined based on total physical presence in India

2 min read . 21 Oct 2019

Residential status in India is determined based on total physical presence in India in the current FY and the preceding 10 FYs (Photo: iStock)

NRIs or RNORs are generally not liable to pay tax in India on foreign income

3 min read . 07 Oct 2019

Realized gains on sale of shares and mutual funds outside India in the IRA account will be taxable as capital gains in India (Photo: iStock)

Realized gains on sale of shares abroad will be taxed as capital gains in India

3 min read . 16 Sep 2019

Interest earned from corp bonds is taxable, irrespective of residential status

Interest earned from corp bonds is taxable, irrespective of residential status

2 min read . 02 Sep 2019

Use SBI rate to convert earnings abroad

Use SBI rate to convert earnings abroad

1 min read . 19 Aug 2019

Under the income tax law, the employer is required to withhold applicable tax on the salary income.

Under DTAA, Australian employer shouldn’t withhold tax from salary

1 min read . 05 Aug 2019

Annuity from Australian Superannuation Account is taxable in India. (Photo: iStock)

Taxability of annuity paid by Australian account depends on residential status

2 min read . 22 Jul 2019

FM’s call to duty for high-income earners: Pay more for nation building

3 min read . 06 Jul 2019

Global income is taxable in India if you qualify as a resident of the country

Global income is taxable in India if you qualify as a resident of the country

2 min read . 24 Jun 2019

No need to report Indian global equity MFs as foreign assets when filing ITR

No need to report Indian global equity MFs as foreign assets when filing ITR

2 min read . 10 Jun 2019

India’s DTAA with Canada doesn’t offer tax relief on gains from sale of property

India’s DTAA with Canada doesn’t offer tax relief on gains from sale of property

2 min read . 03 Jun 2019

You may pay tax on FD interest income at accrual stage or when bank pays up

You may pay tax on FD interest income at accrual stage or when bank pays up

2 min read . 20 May 2019

NRIs can remit up to $1 million from sale of property in India

NRIs can remit up to $1 million from sale of property in India

2 min read . 06 May 2019

Taxability of income in India depends on the taxpayer’s residential status in India

If you are a resident Indian, you need to report all foreign assets in your ITR

2 min read . 22 Apr 2019