Tag: NRI

NRO Account and Income Tax on this type of NRI Account

NRO Account and Income Tax on this type of NRI Account

As Interest Rates in India are higher as compared to the western countries, many NRI’s have a preference for investing in India. To make use of these high differences in...

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NRI Account in Indian Banks – NRE, NRO, FCNR Account

NRI Account in Indian Banks – NRE, NRO, FCNR Account

With the Interest Rates in India being significantly higher side as compared to other developed Countries like the US, UK, Canada etc., many Indians staying in these countries prefer to...

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TDS on Sale of Property by NRI in 2023 [Complete Guide]

TDS on Sale of Property by NRI in 2023 [Complete Guide]

This article covers in detail the applicability of TDS on Sale of Property by NRI in India. In this article, the following topics have been explained in detail. Applicability of...

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Income Tax on Rent earned by NRI’s in India

Income Tax on Rent earned by NRI’s in India

A Large No. of NRI’s settled abroad now own property in India and many of them have even given such properties on Rent. In this article, we would be focusing...

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Income Tax Form 13 for Lower Deduction of TDS: Section 197

Income Tax Form 13 for Lower Deduction of TDS: Section 197

As per the provisions of the Income Tax Act, TDS is required to be deducted at the time of making any payment. This TDS is deducted by the person who...

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NRI TDS Certificate – Should NRI opt for it? (Practical Analysis)

NRI TDS Certificate – Should NRI opt for it? (Practical Analysis)

Whenever an NRI receives any payment, TDS is required to be deducted on such payments. The person who is making the payment to the NRI deducts some amount (technically called...

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TDS & Tax Refund for NRIs (Simplified)

TDS & Tax Refund for NRIs (Simplified)

The Indian Tax Laws are very harsh when it comes to NRI’s. Any payment made to NRI is required to be made after deduction of TDS even if his income...

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Special Provisions for Tax on sale of Shares/Mutual Funds by NRI

Special Provisions for Tax on sale of Shares/Mutual Funds by NRI

When a NRI invests in the stock market of India, he is subject to capital gain tax on the profit earned through trading done in India. There are two types...

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5 things to check before purchasing property from NRI

5 things to check before purchasing property from NRI

There are several NRI’s who own Ancestral properties in India or have purchased real estate in India from own funds. With the govt allowing the automatic rule for Investment in...

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NRI – Chartered Club