NRI

Step-by-Step Tax Planning for the NRI Seller of Agricultural Land

Capital Gain, Income Tax, NRI /

Reading Time: 3 minutesHere’s a practical and legally sound tax planning strategy for an NRI who has sold agricultural land in India considering:• They deposited the capital gain in CGAS under Section 54B, but• FEMA restrictions prohibit them from buying agricultural land, and• They wish to explore alternatives to reduce or avoid tax legally. 🔁 Step-by-Step Tax Planning […]

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🟦 Are Mutual Fund Gains Tax-Free for NRIs in India? ITAT Says Yes (In Some Cases)
By: CA Bhavesh Panpaliya

Income Tax, NRI /

Reading Time: 3 minutes💬 Q1. What’s the buzz around this new ITAT ruling for NRIs?A: The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) delivered a game-changing verdict:🔑 Capital gains earned by NRIs from redeeming mutual fund units in India are not taxable in India—if a favorable tax treaty applies.Sounds like good news, right? Especially if you’re

🟦 Are Mutual Fund Gains Tax-Free for NRIs in India? ITAT Says Yes (In Some Cases)
By: CA Bhavesh Panpaliya Read More »

NRI Income in Indian Bank Accounts – Taxable or Not?

Income Tax, NRI /

Reading Time: 3 minutesThe taxation of overseas income for NRIs is one of the most debated topics in Indian tax law. Let’s break it down in a Q&A format with practical examples and simple explanations. 1. What is the central issue concerning NRIs and their overseas income in Indian bank accountsThe main question is: Does income earned abroad

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