Tax will be calculated on your total income for the financial year, including income from foreign sourcesWhen a property has been purchased from an NRI, TDS is required to be deducted on the payment made
2 min read28 Oct 2019It is recommended that you receive the salary locally where you are employed and then remit it as required by youIndian tax laws state that income that is received in India shall be taxable in India
2 min read27 May 2019Car can be purchased in India by making withdrawals from non-resident external (NRE) account
2 min read25 Dec 2018The residence state taxing the taxpayer may result in the latter getting taxed twice on the same income
2 min read23 Oct 2018Verify the exact period of stay in India in the current and earlier years to ascertain residential status
2 min read2 Oct 2018For those who are Indian residents for tax purposes, interest income earned from FCNR deposits attracts tax
2 min read25 Sep 2018It is always advisable to verify the exact period of stay in India in the current and earlier years
2 min read18 Sep 2018If you are resident or non-resident but not ordinarily resident in India, you will be paying tax on income earned in India
2 min read17 Jul 2018Returning NRIs are considered RNOR if they have been an NRI in 9 out of 10 FYs preceding the year of return or if they lived in India for 729 days or less in the last 7 FYs
3 min read9 Oct 2017Once you are a resident in India, your income earned or received anywhere in the world is taxable in India
3 min read11 Sep 2017The 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
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