Key thresholds at a glance NRIs with Indian income above ₹4 lakh (new tax regime) or ₹2.5 lakh (old tax regime) must file ITR-2 by 31 July 2026. Additional mandatory filing triggers apply even below these limits — see Item...
Quick Answer Property (LTCG):5% flat, no indexation for NRIs regardless of when you bought it Property (STCG): Taxed at your income tax slab rate Listed equity/equity mutual funds (LTCG): 5% on gains above ₹1.25 lakh/year Listed equity/equity mutual funds (STCG): 20% TDS...
Why DTAA Is Important for NRIs Non-Resident Indians often earn income across more than one country. Salary, interest, dividends, capital gains, or rental income may be subject to tax in the country where it is earned as well as in...
Why TRCs Matter More Than Most NRIs Expect For NRIs earning income from India, the Tax Residency Certificate (TRC) often appears suddenly usually when a bank, tenant, buyer, or tax advisor asks for it at the last minute. Many NRIs...
Why TDS Is a Key Issue for NRIs Tax Deducted at Source (TDS) is one of the most common and confusing tax topics for NRIs with income from India. Whether it is rent, interest, dividends, or proceeds from selling property,...
Why Section 195 Matters for NRIs and Payers Section 195 of the Income Tax Act, 1961 is one of the most important—and frequently misunderstood—tax provisions affecting NRIs. It governs tax deduction at source (TDS) on payments made to non-residents, covering a...
For many NRIs, NRE accounts are often described as “tax-free,” which is true in a specific context—but also the root of most misunderstandings. The NRE (Non-Resident External) account is designed to hold income earned outside India, and as long as...
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