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 […]

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

🟦 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 »

HUF A Tax saving Tool For Salaried Person?

Uncategorized /

Reading Time: 3 minutesWhat is a Hindu Undivided Family (HUF)?A Hindu Undivided Family (HUF) is a separate legal entity recognized under Indian tax law, allowing families following Hindu, Jain, Sikh, and Buddhist laws to collectively own property and manage income. It serves as a tool for family wealth management and potential tax optimization. What is the difference between

HUF A Tax saving Tool For Salaried Person? Read More »

💹 US Stock Investments: Taxation Rules for Indian Residents Explained

Income Tax /

Reading Time: 3 minutesInvesting in US markets has become popular among Indian residents thanks to platforms offering direct equity, ETFs, and mutual funds abroad. But how are these investments taxed in India? Let’s break it down in a simple Q&A style with practical insights. 1. How are investments made in the US market treated for taxation in India?👉

💹 US Stock Investments: Taxation Rules for Indian Residents Explained 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

NRI Income in Indian Bank Accounts – Taxable or Not? Read More »

Tax Planning for Returning NRIs in India | RNOR Benefits, FEMA, DTAA & Compliance

Income Tax /

Reading Time: 4 minutesQ1: What determines whether your global income is taxable in India? A: The residential status under the Income Tax Act, 1961 is the primary determinant.  There are two key classifications:Resident and Ordinarily Resident (ROR):Stayed in India for 2 out of 10 previous years, ANDSpent 730+ days in India during the past 7 years.From FY 2020-21:

Tax Planning for Returning NRIs in India | RNOR Benefits, FEMA, DTAA & Compliance Read More »

Are You a Tax Resident of India? Guide with Day Count, NRI Rules & M. Gulati Ruling

Income Tax /

Reading Time: 4 minutesUnderstand India’s tax residential status rules – 182 days vs 120 days, NRI taxation, and the landmark M. Gulati case. Learn how job-hunting days abroad impact your NRI status. 👤 Q1: What actually determines your tax residential status in India?✅ Answer:Your number of days in India during a financial year (April to March). The basic

Are You a Tax Resident of India? Guide with Day Count, NRI Rules & M. Gulati Ruling Read More »