As a Non-Resident Indian (NRI), maintaining clean records with the Indian Income Tax Department and ensuring compliance with financial regulations are crucial. Here’s a comprehensive guide on the necessary steps and precautions: Immediate Compliance Measures 1. File Income Tax Returns (ITR) Annually: Even if your income in India is below the taxable threshold, filing an […]
In this blog, I want to mention few important tasks or changes NRIs should do immediately to maintain clean records with Indian Income Tax Department. I have seen many NRIs who have received notices from Indian Income Tax Department in spite of the fact they were not liable to file tax returns in India. It […]
If you are an NRI selling a property in India or a buyer buying a property from NRI seller then this video is for you. Here is a guide addressing the taxation aspects in India when a NRI sells a property. This video includes Various tax-related considerations that arise during the sale of a house [...]
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A taxpayer normally pays off his tax liabilities to the Income Tax Department after the end of the relevant financial year. But in case of advance tax payment, the tax is paid between the financial year. What is the Concept of Advance Tax ? When a taxpayer pays his tax liability of a particular financial […]