My deceased mother was a non-resident Indian (NRI) and during her work abroad, she invested $20000…
Tag: foreign assets
Review penalty for non-disclosure of foreign assets
Under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, a…
All About Disclosure of Foreign Assets and Stock Awards in Tax Returns
Although the scope of taxation has not increased substantially, mandatory disclosure by individual taxpayers in respect…
Non-disclosure of foreign assets and implications under the Black Money Act
Black money, or unaccounted money or undeclared income, has been a major issue for the government…
How to disclose foreign shares in your IT return
Any resident Indian investors who have invested in foreign stocks, especially US stocks, in recent years.…
Disclosure of foreign assets in IT returns
Simply calculating your taxable income and income tax payable, and paying the exact amount of your…
How do you define tax status for ROR?
What is the difference between Resident and Ordinary Resident (ROR), and Resident but not Ordinary Resident…
Why taxpayers now need to take stock of their foreign assets
Compulsory to file for taxpayers holding foreign assets or earning income from such assets income tax…
ITR to ROR. Will have to report foreign assets in
My son is a NRI. He is thinking of buying a house in his resident country.…