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residential status for tax

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

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

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

Categories Economy Tags capital gains tax for NRIs, double taxation avoidance agreements, FCNR account tax, FOREX assets tax, ITR Filing 2024, long term capital gains tax, non-resident Indian tax, NRE account tax, NRI investments, NRI tax in India, NRI tax return exemption, NRO account tax, residential status for tax, Section 6 Income Tax Act, short term capital gains tax, special tax regime for NRIs, tax deductions for NRIs, TDS on NRO accounts Leave a comment

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