Taxation on Rental Income in India for NRIs
Are you a Non-Resident Indian (NRI) earning rental income from property in India? If yes, understanding taxation rules is crucial. The Indian Income Tax Act has special provisions for NRIs, and following them not only helps avoid penalties but also ensures maximum benefits for taxation on rental income . Rental income is fully taxable under…
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Gifts and Inheritance – Things NRIs Must Know
Non-Resident Indians (NRIs) often receive gifts and inheritance assets from loved ones in India. While these acts stem from love and tradition, they carry legal and tax implications that should not be ignored. Understanding the Foreign Exchange Management Act (FEMA) and the Income Tax Act (IT Act), as well as associated compliance procedures, is crucial…
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Understanding the Portfolio Investment Scheme (PIS): A Flow Chart Guide for NRIs
The Portfolio Investment Scheme (PIS) is a Reserve Bank of India (RBI) initiative that enables Non-Resident Indians (NRIs) to invest in India’s stock markets through their NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts. If you’re an NRI looking to build wealth in India, understanding how PIS works is key, and the accompanying flowchart illustrates…
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What is a Foreign Currency Non-Resident (FCNR) fixed deposit account? know about its features and benefits?
Introduction – Foreign Currency Non-Resident (FCNR): For Non-Resident Indians (NRIs), managing foreign earnings efficiently is crucial. One effective way to achieve this is through a Foreign Currency Non-Resident (FCNR) fixed deposit account. This account allows NRIs to deposit their foreign income in India without converting it into Indian Rupees, thereby avoiding exchange rate risks. An…
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Zero Capital Gains Tax for NRIS in Indian Mutual Funds – What You Need to Know in 2025
Introduction Are you looking for smart, tax-efficient ways to grow your wealth in India? Then you’ll be pleased to know that zero capital gains tax for NRIs investing in Indian mutual funds is now a legal possibility under certain conditions. With rising global interest in Indian markets, NRI mutual fund investment in India is gaining…
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Maximise Your NRI Tax Refund through DTAA(Double Taxation Avoidance Agreement)
Introduction In today’s globalized world, many Indians live and work abroad as Non-Resident Indians (NRIs).While living outside India has its rewards, managing taxes becomes a complicated affair for NRIs. Often, NRIs earn income in both India and their country of residence, leading to a situation called double taxation, where the same income gets taxed twice,…
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