Indian tax laws give NRIs a raw deal September 30, 2013 11:34

There has been a continuous effort in the past decade or so to make the income tax laws simpler, consistent and taxpayer-friendly.The effort has resulted in faster processing of refunds and improving compliance. However, no…

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When NRI needs to file income tax return in India? September 30, 2013 11:28

The obligation to file income tax return in India is dependent on the residential status of the person. So, if you fall in the NRI category as per the Income Tax rules in India and…

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Income Tax Payable by NRIs September 30, 2013 11:19

According to the Income Tax Act of 1961, an annual tax is levied on income by the Central Government of India. This is known as Income Tax. According to the rules applicable to the NRIs…

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HSBC fears significant penalty in NRI tax evasion probe September 30, 2013 11:10

Global banking major HSBC has said it may face "significant" penalties from the US authorities with regard to an ongoing probe into suspected tax evasion by the US-based clients of its Indian unit, among other…

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The tax implications for NRIs buying property September 30, 2013 10:52

The falling rupee and the lull in the property market in many cities are attracting Indians settled abroad to consider property investments in India. Non-resident Indians are allowed to purchase residential or commercial property in…

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