Are Stranded NRI Eligible for Any Tax Benefits?
In India, there are three types of residential status recognized by the income tax law: non-resident (NR), resident but not ordinarily resident (RNOR), and resident and ordinarily resident (ROR) ....
How Can NRI Avoid TDS On Property Sale?
When it comes to domestic transactions, the TDS structure is clear for domestic property sales, but confusion exists regarding TDS for an NRI selling their property in India. An NRI...
Learn to Submit an Income Tax Return as an Nri in Few Easy Steps
Income Tax Return is abbreviated as ITR. It is a document used to report income from several sources and pay taxes to the Income tax Department. It offers comprehensive information...
What Is the Difference Between NRO and NRE Accounts?
An NRI (Non-Resident Indian) who earns money both in India and abroad typically has trouble managing his or her finances. They also have trouble tracking bank accounts in other countries,...
Income Tax Planning for Non-resident Indians (NRI)
Residential status refers to a citizen's physical presence inside the Indian Territory. The Income-Tax Act outlines the provision governing determining a person's residence status. Individuals' taxability is heavily reliant on...
How GST Turns Out to Be Great for Startups in India
There is no doubt that how the GST has vastly impacted the startups in India. Goods and services tax is the amalgamation of all the taxes, which has eased out...
Do NRIs Have to Pay Advance Tax?
Numerous Indian citizens who live and work abroad prefer to maintain a physical presence in India by often visiting, knowing that they will never settle down there; thus, availing of...
What’s the Penalty for Keeping Savings Account and Deposit Accounts as an NRI?
When you change your residency status to NRI, a lot of things happen in your life. A new set of rules governs your finances, from your bank accounts to your...
Typical Accounting Errors Committed: Small Businesses
Before discussing the main accounting errors made by small companies, you must first understand what bookkeeping is and why it is vital. Bookkeeping refers to the organization and preservation of...
What are the criteria for determining a deemed Resident status?
The basics of a clause of determining a resident under the Indian Income-tax Act and the understanding of the same are necessary to determine whether the recognition of the individual’s...