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Sonu Iyer

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

To compute estimated income tax liability, deduction is allowed for any income tax withheld at source

There are no separate provisions for NRIs to deposit advance tax

2 min read . 20 Nov 2018

NRI taxation: Income arising from use of asset inherited is taxable

3 min read . 30 Oct 2018

The exemption from income tax is limited to the extent of amount of expenses actually incurred. Photo: iStock

NRI taxation: Allowances earned abroad may be tax exempt in India

3 min read . 16 Oct 2018

Only India-sourced income taxable for NRIs in India

2 min read . 02 Oct 2018

NRI taxation: Residential status needs to be fixed afresh every FY

2 min read . 18 Sep 2018

Once you relocate to India permanently, you may qualify as “person resident in India” under exchange control law. Photo: iStock

NRI taxation: Residential status rules are different for exchange control, income tax laws

2 min read . 04 Sep 2018

In case of double taxation, benefits under the tax treaty between India and the other country may be explored.

Residential status, source of income decides taxability

2 min read . 21 Aug 2018

Under the income tax law, any amount received from PPF account is exempt from tax in India, irrespective of the residential status. Photo: Mint

PPF proceeds are tax free even for NRI investors

3 min read . 07 Aug 2018

Under the income tax law, any amount received from PPF account is exempt from tax in India, irrespective of the residential status. Photo: Mint

PPF proceeds are tax-free even for NRI investors

3 min read . 07 Aug 2018

When a person is returning to India permanently, he may be considered as a “person resident in India”. Photo: iStock

For ‘person resident in India’, interest from NRE accounts is taxable

1 min read . 25 Jul 2018