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Sonu Iyer

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

All payments within India allowed from NRO account

All payments within India allowed from NRO account

1 min read . 09 Apr 2019

Property buyer needs to deduct TDS if seller is resident of India in relevant FY

Property buyer needs to deduct TDS if seller is resident of India in relevant FY

2 min read . 26 Mar 2019

Finance minister Piyush Goyal (Photo: Ramesh Pathania/Mint)

Opinion | Finance minister serves the needy, but spares the rich

3 min read . 02 Feb 2019

The resident power of attorney holder is permitted to repatriate outside India funds held in the account only to the other account of non-resident individual account holder. (iStock)

Salary for services rendered in India is taxable in India

2 min read . 22 Jan 2019

Resident Indians can claim tax deduction for medical expenses of autistic child

2 min read . 08 Jan 2019

If seller is NRI, buyer needs to deduct TDS on taxable capital gain on sale of house

2 min read . 18 Dec 2018

Under the exchange control law, remittances outside India from NRE account is generally allowed. Photo: iStock

You are allowed to remit up to $1 million per FY outside India from NRO account

2 min read . 04 Dec 2018