Tag: NRI

post-TDS on Sale of Property by NRI in 2021 [Complete Guide]
TDS on Sale of Property by NRI in 2021 [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 TDS on Sale of Property by NRI What is the...

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post-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 on the levy of Income Tax on Rent received by...

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post-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 is making the payment and is required to be deposited...

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post-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 as TDS) and makes the balance payment to the NRI....

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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 is less than Rs. 2.5 Lakhs (i.e. in the 0%...

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post-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 of capital gains applicable in India: Short Term Capital Gains...

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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 India, approval from the Reserve Bank is not required anymore...

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Guide to Non-Residents Property Investment in India

Indian property market has always been lucrative for non-residents. However, there are certain norms and restrictions that these individuals need to follow. Non-residents could be broadly classified into: Non-Resident Indian (NRI): A person who is a citizen of India and...

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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 park their excess funds in India to earn a handsome...

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What is NRO Account? Bank Account in India for NRI’s

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 Interest Rates in India and other developed countries, NRI’s have...

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Lower TDS Certificate
for NRI's on Property Sale