#nris
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment
NRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, NRIs can leverage Double Taxation Avoidance Agreements (DTAAs) to potentially lower their tax burden or claim credits in …
Moving abroad? Here's when your EPF withdrawal becomes taxable and how NRIs can avoid paying extra tax
EPF is a major retirement savings plan for salaried workers, requiring both employee and employer contributions. If you move abroad, the rules governing the scheme changes. Here's when your provident fund withdrawal becomes taxable and how NRIs can avoid payi…
NRIs pull out $2 billion from bank deposits
Overseas Indians withdrew nearly two billion dollars from Indian bank accounts in March. This outflow occurred during the Iran war. Reserve Bank of India data shows a contraction in Non-Resident Indian deposit inflows. Experts anticipate geopolitical uncertai…
Do NRIs require tax clearance certificate before leaving India?
The ITA provision on tax clearance certificate specifically excludes persons who are not domiciled in India and visit India for purposes not connected with business, profession, or employment.