by Gaurav Matta | Apr 24, 2025 | Tax & Compliances
For Non-Resident Indians (NRIs), managing financial assets across borders can sometimes become overwhelming, especially when it comes to complying with tax reporting requirements. One such obligation that requires particular attention is FBAR compliance for NRIs. If...
by Gaurav Matta | Apr 23, 2025 | Tax & Compliances
Navigating tax obligations can be complicated for Non-Resident Indians (NRIs), especially when dealing with Dual Tax Residency for NRIs.This situation arises when an NRI is considered both a resident and a non-resident for tax purposes within the same year. It can...
by Gaurav Matta | Apr 15, 2025 | Tax & Compliances
As an Indian parent with children living abroad, ensuring a smooth and hassle-free transfer of property to NRI children is crucial. With the complexities involved in property laws, taxes, and different legal provisions, it’s essential to understand your options. This...
by Gaurav Matta | Apr 8, 2025 | Tax & Compliances
When an Indian citizen moves abroad, their residential status changes, which directly affects their tax liabilities in India. This change in status is not just a legal formality; it significantly impacts how the individual is taxed, particularly for Non-Resident...
by Gaurav Matta | Apr 4, 2025 | Tax & Compliances
For Non-Resident Indians (NRIs), navigating the Indian income tax system can be challenging, especially when it comes to filing returns and ensuring compliance. Many NRIs face unexpected income tax notices due to discrepancies in their filings, non-reporting of...
by Gaurav Matta | Apr 1, 2025 | Tax & Compliances
As an NRI, understanding the tax implications of selling your property or any other asset in India can save you significant money. Two sections under the Income Tax Act 1961—Section 54 and Section 54F—offer tax exemption for NRIs on property in the form of exemptions...
