How to Respond to an Income Tax Notice for Wrong Deductions and Repay Excess Refund Under Section 133(6) Steps to Correct the Return and Repay the Excess Refund: 1.Respond to the Income Tax Notice: Lo...

DTAA Explained - How NRIs Can Avoid Double Taxation? For Non-Resident Indians (NRIs), understanding the Double Taxation Avoidance Agreement (DTAA) is crucial to ensuring that they do not end up paying...

Complete Guide to Income Tax for NRIs: Filing Requirements and Benefits Who Qualifies as an NRI for Tax Purposes? An individual is classified as an NRI for income tax purposes if they satisfy either o...

Penalty for Non-Declaration of NRI Status in India a) Tax Penalty If you fail to declare your NRI status and are treated as a resident, your global income may be taxed in India. Non-disclosure could l...

Can NRIs Have Both NRE and Savings Accounts in India? NRIs are allowed to maintain specific types of accounts in India, but there are restrictions on holding a regular Savings Bank (SB) account once N...

PART I: Income Tax Basics Determining residential status The conditions to be called as an Indian resident are: ·Staying in India for at least 6 months or 182 days during a financial year Or, ·Staying...