Non-Resident Indians (NRIs) investing in Indian mutual funds might legally avoid paying capital gains tax if certain Double Taxation Avoidance Agreement (DTAA) conditions are met. Let’s break down the important points you should know: DTAA and the Residual Clause: How …
Whether NRIs need to file ITR when there is no income in India A Non-Resident Indian (NRI) is an individual holding an Indian passport and citizenship but residing outside India for employment or business purposes. According to the Income Tax …
The Finance Act of 2020, effective from the Assessment Year 2021-22, introduced an amendment in the rule of determining NRI status To ascertain whether an individual qualifies as a Non-Resident Indian (NRI), it is crucial to determine their residential status …
Introduction: New Rule of Nil or Low TDS certificate for NRIs Effective from October 1, a new set of regulations regarding Nil or Low Tax Deducted at Source (TDS) certificates for Non-Resident Indians (NRIs) has been introduced by the Central …