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Tax Residency Certificate (TRC): Why NRIs Need It for DTAA Benefits in India For Non-Resident Indians (NRIs), earning income from India while living abroad can sometimes create a tax issue: the same income may potentially be taxable in both India and the country where the NRI is a tax resident. This is where a Double […]
Tax Residency Certificate (TRC): Why NRIs Need It for DTAA Benefits in India Read More »
Tax on Rental Income in India for NRIs: Rules, Deductions & TDS Owning a property in India while living abroad can provide NRIs with a steady rental income. However, rental income from a property located in India can have important Indian tax implications, even when the rent is received in an overseas bank account. For
Tax on Rental Income in India for NRIs: Rules, Deductions & TDS Read More »
NRI vs Resident Indian: How Does Income Tax Treatment Differ? Living abroad does not automatically mean that you are free from Indian income tax. Similarly, being an Indian citizen does not automatically make you a Resident Indian for tax purposes. For income-tax purposes, your residential status determines the scope of income that may be taxable
NRI vs Resident Indian: How Does Income Tax Treatment Differ? Read More »
What Foreign Employees Need to Know | UK Added to India’s Social Security Framework | UK Employees Can Now Withdraw PF in India The Employees’ Provident Fund Organisation (EPFO) has an important update for foreign employees who have worked in India. The United Kingdom is now covered under India’s operating Social Security Agreement (SSA) framework,
UK PF Withdrawal in India: What the New Social Security Rules Mean for Foreign Employees Read More »
CBDT’s Foreign Remittance Crackdown: Why Form 15CB Due Diligence Matters More Than Ever Foreign remittances are coming under sharper tax scrutiny. With the Income Tax Department initiating verification of suspicious outward remittances involving around 394 entities and 36 professionals, the focus is not limited to taxpayers alone. Chartered Accountants issuing tax-determination certificates are also being
Undisclosed Foreign Assets? FAST-DS 2026 Explained Foreign bank account, overseas shares, ESOPs or property that was not properly disclosed in your Indian tax return? A new compliance window may be relevant. The Government has introduced the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026), providing eligible taxpayers with a one-time opportunity to disclose
FAST-DS 2026: Undisclosed Foreign Assets & Income Disclosure Scheme Explained Read More »
Foreign Income & India Tax: What Expats Need to Know India is becoming an increasingly popular destination for foreign professionals, employees, entrepreneurs, and business owners. But if you are a foreign national living or working in India, one important question may come up: What happens to your foreign income when you become liable to tax
Block Assessment Notice Issued? Here’s What It Means and What You Should Do If you’ve recently received a Block Assessment Notice from the Income Tax Department, don’t panic. While such a notice may seem alarming, understanding why it has been issued and responding correctly can make a significant difference. What Is a Block Assessment? A
Block Assessment Notice Issued? Here’s What It Means and What You Should Do Read More »
Foreign Income in ITR: Common Mistakes NRIs and Residents Should Avoid Foreign Income in Your Income Tax Return? Avoid These Common Mistakes Global employment opportunities, overseas investments, foreign bank accounts, and international business activities have made foreign income reporting an important aspect of Income Tax Return (ITR) compliance. However, many taxpayers are unsure whether their
Foreign Income in ITR: Common Mistakes NRIs and Residents Should Avoid Read More »
Missed the ITR Filing Due Date? Here’s What You Should Know Missing the Income Tax Return (ITR) filing due date can happen for various reasons, but it is important to understand the consequences and the options that may still be available. Filing your return after the due date may affect your tax liability, refund timeline,
ITR Filed After Due Date? Here’s What Happens Next Read More »
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