I-T Exemption Rules Amended for Certain Investments by Non-residents
Understand the CBDT's amendment in I-T rules regarding tax exemptions to non-residents for investments in certain financial instruments and specified funds.
Tag: Non Resident
NRIs Tax Filings under Scanner: Closer Scrutiny of Investments & Transactions
NRIs need to be cautious while filing their tax returns in India, as the taxman is scrutinizing their transactions and suspecting due taxes may not have been paid. Ensure …
Normal Income Tax Slabs/ Rates for NRIs, HUFs, AOP, BOI, AJP (AY 2023-24)
Income tax rates/slabs applicable for NRIs, HUFs, AOPs, BOIs, and AJPs, in respect of AY 2023-24, along with rates of surcharge, HEC, AMT, etc..
S. 206C(1G) TCS Not Applicable to Non Resident buyers without PE in India: CBDT
CBDT notifies exemption from applicability of TCS provisions u/s 206C(1G) in the case of an individual who is not a resident in India in terms of clause (1) and …
Section 2(30)/ 2(42) Income Tax: Non-resident/ Resident – Meaning
The residential status of a person, i.e. whether they are resident or non-resident, has a significant financial impact on the tax liability of the concerned assessee; therefore, it is …
ICAI’s Guide for Taxation of Non-residents in India (2021)
ICAI's Guide for Taxation of Non-residents in India (fourth edition 2021), explains about residential status, Section 9, DTAA, BEPS, GAAR, capital gains, TDS, and more, updated with Finance Act …
ICAI Guide on Basics of International Taxation (Revised 2020)
The ICAI has released the revised edition 2020 of its Guide on “Basics of International Taxation,” which was previously known as “Aspects of International Taxation – A Study” and …
Rule 37BB Income Tax Amended – Compliance on Payments made to Non-residents
CBDT has amended Rule 37BB of Income Tax, to reduce the burden of compliances by the taxpayers and ensure collection of information u/s 195 by Income Tax Deptt. Significant …