Returning NRIs have a host of SOPs awaiting them-from tax breaks to exempt foreign income. NRIs returning to India has to know the rules and regulation of FEMA and Income Tax Act before returning to India. FEMA governs the regulatory…
Income Tax Deductions for NRI
Are you a Non-Resident Indian? Do you know the Income tax deductions for NRI available on income earned in India? In this article, we will guide you on various deduction options available to a NRI. One should know his residential…
Residential Status of Non-Resident Indian(NRI)
Residential Status of NRI The need to determine the residential status of a person, that is be it Individual, Karta of Hindu Undivided Family is very essential, as based on the residential status the person’s liability to pay tax is…
What is the difference between NRI PIO and OCI
Difference Between NRI PIO and OCI Efforts are made to make this article to guide to explain the differences between NRI,PIO and OCI. Income tax act elucidates about the residential status of persons but there are a few terms that…
Income Tax exemptions applicable to NRIs
This is a guide to the Income tax exemptions applicable to NRIs to plan their savings in a systematic manner understanding the intricacies of the applicable income tax provisions. NRIs can claim a few income tax exemptions and explore some…