Non-Resident Indians (NRIs) selling residential house property in India often face a significant tax burden due to high Tax Deducted at Source (TDS) and the absence of indexation benefits. Many sellers assume that the tax deducted by the buyer is the final tax liability. However, this assumption is incorrect. Indian income tax law provides specific […]
GST Registration is the process through which a business becomes registered under India’s Goods and Services Tax system. Once registered, the business receives a Goods and Services Tax Identification Number (GSTIN) that allows it to legally collect GST from customers and claim Input Tax Credit (ITC) on purchases. Under the GST law, businesses crossing certain […]
Businesses registered under the Goods and Services Tax (GST) regime in India must regularly file GST returns. These returns provide a record of a business’s sales, purchases, tax collected, input tax credit (ITC), and GST payable. GST return filing is an important compliance requirement. Filing returns on time ensures that businesses remain compliant with tax […]
The Union Budget 2026 introduces several changes that indirectly benefit Non-Resident Indians (NRIs). While many of these amendments primarily apply to residents making payments or remittances from India, they significantly influence financial transactions involving NRIs—especially remittances, overseas spending, and property transactions. These reforms aim to reduce compliance burdens, improve liquidity, and simplify cross-border transactions involving […]