FAQs on Tax on Rental Income of NRI

9 May, 2024

FAQs on Tax on Rental Income of NRI

1. What is the TDS rate applicable to property rented by an NRI? The TDS rate applicable to property rented by an NR...

TDS on Rent paid to NRI, Tax Planning for NRIs on Rental Property

9 May, 2024

TDS on Rent paid to NRI, Tax Planning for ...

These days, NRIs are increasingly investing in India, driven either by economic growth opportunities or emotional ties,...

Essential Documents for NRIs: A Guide to ITR Filing

8 May, 2024

Essential Documents for NRIs: A Guide to I...

Introduction: Filing Income Tax Returns (ITR) is not just a responsibility for residents; Non-Resident Indians (NRIs...

Guide to ITR Filing for AY 2024-25: Essential Documents and Tips for Taxpayers

8 May, 2024

Guide to ITR Filing for AY 2024-25: Essent...

Introduction: As the ITR filing season for Assessment Year (AY) 2024-25 kicks off, taxpayers, whether residents or N...

Income Tax Order U/s 148A(d) to NRIs for Investment in Fixed Deposits & Mutual Funds via NRE Account us in invalid

3 May, 2024

Income Tax Order U/s 148A(d) to NRIs for I...

In recent times, it has become increasingly common for the income tax department to send notices to Non-Resident Indian...

NRI can file appeal before CIT(A) if the DRP rejects objection due to AO having issued final order.

29 Apr, 2024

NRI can file appeal before CIT(A) if the D...

For NRI taxpayers, when their income is scrutinised by the income tax department and a draft assessment order is issued...

No Income tax on Salary earned in Australia by NRIs

25 Apr, 2024

No Income tax on Salary earned in Australi...

Facts of the case: ​During the assessment year 2020-21, an employee of Nokia Solutions and Networks India Private ...

NRIs with income below Rs 50 lakhs: Notice U/s 148 after 3 years is invalid.

25 Apr, 2024

NRIs with income below Rs 50 lakhs: Notice...

The facts of the case are as follows: ​ The assessee is an individual and an NRI. ​ During the assessment ye...

What NRIs Need to Know Before Selling Property in India

25 Apr, 2024

What NRIs Need to Know Before Selling Prop...

When an NRI (Non-Resident Indian) chooses to sell property in India, it's not just a simple transaction. It's a big dec...

Understand ITR Forms 1,2,4,6 for AY 2024-25: A Comprehensive Guide

18 Apr, 2024

Understand ITR Forms 1,2,4,6 for AY 2024-2...

The Income Tax Department has recently enabled the filing of ITR-1, ITR-2, ITR-4, and ITR-6 for Assessment Year (AY) 20...

Buyers should confirm the seller residential status, whether resident or NRI, to avoid legal issues

18 Apr, 2024

Buyers should confirm the seller residenti...

As a seller when you are selling property, it's crucial to inform the buyer about your residential status, whether you'...

Reasons why ITR filing becomes mandatory for NRIs

16 Apr, 2024

Reasons why ITR filing becomes mandatory f...

Under Indian income tax law, any individual earning an income exceeding the basic threshold of Rs 250,000 is required t...

Income Tax Notices to NRIs for cryptocurrencies and other data mismatch

12 Apr, 2024

Income Tax Notices to NRIs for cryptocurre...

NRI (Non-Resident Indians) are receiving notices from the income tax department under section 148 of the Income Tax Act...

CBDT Enables Easy Income Tax Filing for A.Y. 2024-25!

12 Apr, 2024

CBDT Enables Easy Income Tax Filing for A....

Dear taxpayers! We've got some exciting news hot off the press from the Central Board of Direct Taxes (CBDT), under the...

CBDT issues clarification regarding media reports to revisit cases related to HRA claims.

11 Apr, 2024

CBDT issues clarification regarding media ...

If you've been keeping an eye on recent news about the Income Tax Department's actions regarding House Rent Allowance (...

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