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Sonu Iyer

There is no income tax implication if an NRI inherits agricultural land in India

2 min read . 16 Mar 2020

An NRI can inherit agricultural land from a resident Indian but not buy it

2 min read . 02 Mar 2020

NRIs need to file tax returns in India if their taxable income exceeds ₹2.5 lakh

2 min read . 17 Feb 2020

FD opened under NRE account will be taxable if NRI becomes resident Indian

2 min read . 03 Feb 2020

Union Finance Minister Nirmala Sitharaman (Photo: PTI)

Opinion | Moving towards an easy-to-understand and easy-to-comply-with system

3 min read . 02 Feb 2020

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

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