If you are a ‘resident and ordinarily resident’ and hold foreign assets, you will have to file income taxTaxability of income in India depends on residential status in India, source of income and place of receipt of income
2 min read12 Feb 2019Citizenship has limited relevance so far as Indian taxation is concerned
4 min read10 May 2018A recent paper by Thomas Piketty and Lucas Chancel titled 'Indian income inequality, 1922-2014: From British Raj to Billionaire Raj?' points to widening income inequality in India post liberalization
4 min read12 Sep 2017As a NRI, rental income earned and received abroad is not taxable in India and you don't have to report it in the India income-tax return
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2 min read9 Aug 2007The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared