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...
by Gaurav Matta | Mar 12, 2025 | Tax & Compliances
For Non-Resident Indians (NRIs) who are selling property in India, understanding the complexities of NRI tax compliance on property sale is crucial. While the transaction happens in India, the IRS mandates reporting of the gains for US tax purposes. Navigating the...
by Gaurav Matta | Jan 17, 2025 | Tax & Compliances
For NRIs, inheriting property or other assets in India is more than just a financial matter—it’s often about preserving family legacies. However, navigating inheritance laws and tax implications for NRIs often involves a maze of legal requirements, tax implications,...
by Gaurav Matta | Jan 3, 2025 | Tax & Compliances
For Non-Resident Indians (NRIs), understanding TDS for NRIs on Property Sales and Income is essential as it impacts various financial transactions, from property sales to interest earned and investments. While TDS on property sales is widely discussed, many NRIs are...
by Gaurav Matta | Dec 20, 2024 | Remittance
Introduced in the Union Budget 2023, the 20% Outward Remittance Tax TCS Rule for NRIs, officially known as Tax Collected at Source (TCS), has sparked discussions about its implications for Indian residents and Non-Resident Indians (NRIs). While its aim is to...
