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I get many enquiries from our NRI clients that their mutual fund brokers are asking them to update their NRI status with Indian income tax department. Also, income tax department is also sending them emails on regular basis to link Aadhaar with the PAN. But no one is telling that what actions NRIs should take [...]

Prior to Finance Act, 2020, dividend was taxable in the hands of domestic company and this tax was known as Dividend distribution tax. Dividend Distribution Tax was exempt in the hands of shareholders. But after Finance Act,2020, now dividend is taxable in the hands of shareholder. It will be taxable under the head “Income from [...]