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Business News > Mint Authors > Harshal Bhuta

Harshal Bhuta

Mint Author

ARTICLES BY HARSHAL BHUTA

For income to be taxed as capital gains, it must result from the ‘transfer’ of a capital asset. (Pixabay)

Can I pay municipal taxes on behalf of my NRI son?

1 min read . 02 Sep 2024

It is important to note that the Indian trust law restricts appointing non-residents or foreign-domiciled individuals as trustees.

Creating an Indian trust: Tax considerations for NRIs

2 min read . 20 Aug 2024

Under the India-UAE Double Taxation Avoidance Agreement dividend income is addressed in Article 10

India-UAE DTAA: Understanding tax benefits for NRI dividend income

2 min read . 15 Aug 2024

To claim treaty benefits under a particular DTAA, you need to possess a ‘Certificate of Tax Residence’ from the country in which you reside.

NRI taxation: Is it mandatory to submit form 10F?

2 min read . 30 Jul 2024

Certain relaxations have been provided to members of crew of an Indian ship leaving India during a financial year.

Navigating tax implications for merchant navy

1 min read . 08 Jul 2024

As a non-resident, only details of assets located in India, along with corresponding liabilities, are to be mentioned in Schedule AL

Tax FAQs for NRIs: Schedule AL, India-Germany DTAA decoded

2 min read . 02 Jul 2024

For FY24, capital gains derived from sale of unlisted company shares is liable to tax at 10% (plus applicable surcharge and cess) without indexation benefit.

Can I claim Section 54 benefits after relocating to the UK?

1 min read . 24 Jun 2024

The provisions of the DTAA override provisions of domestic tax laws to the extent of inconsistency.

Can I take benefit of India-UAE DTAA?

2 min read . 17 Jun 2024

The capital gains article under the India-Australia DTAA is worded slight differently than under the India-UAE DTAA.

Can an Australian NRI get exemption on capital gains?

3 min read . 10 Jun 2024

If you accept the offer of the Indian buyer outside India and also effect the transfer of cryptocurrencies from your private wallet while being outside India, then the income would accrue to you outside India.

How would I be taxed for selling cryptocurrency to a resident Indian?

2 min read . 03 Jun 2024

The Indian income tax law does not tax incomes that have been earned by a non-resident outside India, unless they are received directly in India.

Do I need to report inward remittances?

2 min read . 27 May 2024

Persons staying in the UAE are now ‘liable to tax’ under the new tax law and, therefore, the condition of deemed tax residence in India does not apply to them.

On moving to UAE for business, how is LLP profit share taxed in India?

2 min read . 20 May 2024

You may also explore opting for the provisions of the double taxation avoidance agreement.

How is property sale by a person of Indian origin taxed?

3 min read . 13 May 2024

For persons becoming deemed tax resident of India, incomes which accrue outside India (barring some) are not taxable in India.

How is a seafarer's income taxed?

2 min read . 06 May 2024

TDS rate on interest income as well as dividend distribution to a resident unitholder of Reit is typically 10% whereas TDS rate on interest distribution to a non-resident unitholder is 5%.

How Reit proceeds get taxed for NRIs?

1 min read . 30 Apr 2024

Depending upon the withholding of taxes on such income in the foreign country, you can claim credit of such withheld taxes in India generally to the extent of income tax payable under IT Act.

Will my foreign consultancy fees be taxed?

1 min read . 15 Apr 2024

You may accept the funds by way of a gift from your sibling.

Are NRIs allowed to take loans from their siblings in India?

1 min read . 09 Apr 2024

Typically, a company incorporated outside India is not considered to be a resident of India under the Indian tax law.

Will opening a firm in Dubai have tax impact?

1 min read . 01 Apr 2024

India-UAE DTAA may provide benefit in your case if the services have been provided by the law firm directly from Dubai.

Does paying law firm in Dubai attract TDS?

2 min read . 26 Mar 2024

Exemption granted under article 13(5) is not tied to the source of investment made in mutual funds, rather it is linked to the residence of the seller.

Are DTAA benefits applicable to MFs?

1 min read . 18 Mar 2024