For Non-Resident Indians (NRIs), understanding how TCS on foreign remittances impacts your transfers abroad is essential. The Tax Collected at Source (TCS) under the Liberalized Remittance Scheme (LRS) can affect the amount of money you send, and it’s crucial to grasp the rules, rates, and exemptions to ensure tax efficiency. The Indian government’s tax policies…
For Non-Resident Indians (NRIs), understanding the importance of a Tax Residency Certificate (TRC) is crucial when dealing with taxes and investments in India. A Tax Residency Certificate serves as an official document that proves your tax residency status in your country of residence, whether it’s the USA, Canada, the UK, or another country. The TRC…
The Overseas Citizen of India (OCI) scheme, introduced in 2005, has become a vital bridge for individuals of Indian origin living outside India. It offers significant privileges, including investment opportunities, a lifetime visa, and a chance to maintain strong ties with India. However, many people still lack a clear understanding of OCI card benefits and…
Unified Payments Interface (UPI) has transformed the way payments are made in India, and now, this cutting-edge payment system is available to Non-Resident Indians (NRIs). UPI enables NRIs to make fast, secure, and cost-effective transactions, significantly simplifying cross-border payments. Whether you’re sending money to your family, paying bills, or purchasing goods and services in India,…
Understanding how your residential status as an NRI affects your investments in India is crucial for optimizing financial outcomes and ensuring compliance. The Residential Status Impact plays a significant role in determining how your investments—whether in mutual funds, stocks, fixed deposits, or the National Pension Scheme (NPS)—are managed and taxed. Changes in your status can…
Understanding the tax implications surrounding gifting money or assets as an NRI (Non-Resident Indian) is crucial to ensure compliance with Indian tax laws. Whether you’re gifting property, cash, or other valuable assets to your family in India, knowing the NRI Gift Deed Tax Rules is essential to avoid unwanted tax liabilities. These rules, regulated by…
Understanding tax exemption for NRIs on long-term capital gains (LTCG) is crucial when selling property or other long-term assets in India. Sections 54 and 54F of the Income Tax Act offer tax exemptions for NRIs when they reinvest the capital gains from the sale of property or assets into purchasing or constructing a new residential…
Navigating NRI income tax can be complex, especially when you’re earning in both India and abroad. The tax implications for Non-Resident Indians (NRIs) are significantly different from residents, and it’s important to understand how income from India is taxed and what exemptions are available. This comprehensive guide covers everything NRIs need to know about income…
Becoming a Non-Resident Indian (NRI) opens up new opportunities but also comes with specific responsibilities. From managing your finances to handling investments, tax filing, and ensuring legal compliance, there are several important steps to follow when moving abroad. This Essential Checklist for New NRIs outlines the critical actions you need to take before and after…
When NRIs sell property in India or earn other forms of income, such as rental or investment income, the Indian government imposes a tax withholding mechanism called Tax Deducted at Source (TDS). The process can often be confusing for NRIs, especially when the TDS deductions exceed the actual tax liability. Fortunately, NRIs can apply for…
Whether you’re a tech enthusiast or a business leader, these emerging trends are reshaping the future and offering endless opportunities for growth and creativity.
6 mins to read
June 11, 2025 
