Migrating to the US poses tax and investment considerations for individuals like Karen, who must report their Indian investments to the IRS. Compliance is important to avoid penalties.
4 min read19 Jul 2023NRIs can file their return online from wherever they are based and verification can be done via netbanking, which does not require an OTP.
1 min read24 Apr 2023Taxability of income in India depends on the residential status in India, the source of income, and the place of receipt of income.
2 min read18 Apr 2023Residential status is determined on the basis of physical presence of an individual in India during a financial year and the preceding 10 financial years
5 min read5 Oct 2020Residential status in India is determined based on total physical presence in India in the current FY and the preceding 10 FYsA resident may either qualify as a resident and ordinarily resident (ROR) or resident but not ordinarily resident (RNOR)
2 min read21 Oct 2019Salary paid in India for work performed in India shall be taxable in IndiaAlso, the global income of a resident of India is taxable in India
1 min read2 Apr 2019Indian citizens, who are moving abroad, need to change the residential status in all their investmentsIt is also good to check whether the country of migration has a DTAA (Double Tax Avoidance Agreement) with India
1 min read26 Mar 2019Residential status is determined by your physical presence in India during the given FY and preceding 10 FYs
3 min read17 Dec 2018It is always advisable to verify the exact period of stay in India in the current and earlier years
2 min read18 Sep 2018The rules for determination of residential status under the exchange control law are different from those under the income tax law.
2 min read4 Sep 2018The 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