Whether or not your income will be taxable in India will depend on your residential status…
Tag: tax income
What is the tax liability of NRIs on a trip?
For a citizen of India or a person of Indian origin who is visiting India, 60…
Is the amount withdrawn from NPS taxable?
i got the amount 200,584 on withdrawal of total accumulated amount from my Tier-1 account of…
How is dividend income taxed for NRIs?
How is dividend income from shares taxed for Non-Resident Indians (NRIs)? —Name withheld on request Effective…
Disclosure of foreign assets in IT returns
Simply calculating your taxable income and income tax payable, and paying the exact amount of your…
How ‘Income from other sources’ is taxed
The Income Tax Act has five heads of income, of which ‘Income from other sources’ (IFoS)…
What do smart investors do in bear markets?
Part of what makes bear markets so unbearable is that no one—and I mean no one—knows…
How is the LTCG tabulated on the sale of a house?
My father bought a property for 1 crore in July 2008 and gifted to me in…
How do you define tax status for ROR?
What is the difference between Resident and Ordinary Resident (ROR), and Resident but not Ordinary Resident…
How to get tax exemption on NPS payment
I had made an online contribution to National Pension System (NPS) on March 29, but it…