FCNR Account Tax Archives - GroYourWealth.com

ITR Filing 2024: What other incomes of NRIs are taxed in India. Check details

25 June 2024 by Admin

ITR Filing 2024-25: NRIs or Non-Resident Indians are required to file income tax returns in India if they have earned income in the country during the financial year. The income taxes of an NRI in India are determined by their residential status for the year in accordance with the Indian Income Tax Act, 1961. If … Read more

ITR filing 2024: How are investments made by NRIs taxed in India

21 June 2024 by Admin

A non-resident Indian, similar to a resident taxpayer, is obligated to pay tax in India on their Indian income. Many NRIs possess income or assets in India, which may include bank deposits, shares of listed companies, immovable properties, jewellery, and business ventures. Consequently, the presence of such income or assets results in tax filing obligations … Read more