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F.A.Q. on Indian Income Tax Laws!
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A blog to refer as solution to your problem about Indian Income Tax Laws. Readers can also ask question on Income Tax. The format of blog is kept as F.A.Q .
Recent Posts Tagged With 'non-resident'
Seven Answers A Resident Must Know Before Buying Property From A Non Resident?
Since the immovable property sale by non resident entails payment of sale consideration by the buyer who is resident Indian , tax has to be deducted at source and paid to government as per section ...
Are There Some Special Reliefs For NRI or PIO?
Yes, Income Tax Act , under the Chapter XIIA provides some special provisions which grants reliefs to Non Resident Indians or Person of Indian Origin. The provisions are contained in section 115C to 1...
Can An NRI Gift Property Owned By Her Expired Parent ?
Our mother died recently and left some immovable (building) property to her children. I as one of the beneficiaries would like to gift my share to my niece who also received part ...
What Are The Laws Regarding Repatriation Of Sale Proceeds of Property Purchased by NRI ?
The earlier FAQs were on following topicsOn Acquisition of property in India.On Sale or Gift or transfer of property.Now the subject of repatriation of sale proceed of immovable property purchased by ...
What Every NRI Would Like To Know About Sale or Rent or Gift Of Immovable Property?
Previously , the FAQs published by Reserve Bank Of India on the subject of acquisition of immovable property in India was published here. The second in series is the frequently asked question regardin...
11 FAQs Every NRI Should Know Before Acquiring Immovable Property In India!
The law regarding acquisition of immovable property are governed by Reserve Bank of India. It has put certain frequently asked question on its web site. Given below are the excerpt from those FAQsQ.1...
Is No Objedtion Certificate Required From IT Department Before Remiting Payments to Non Residents?
We are in process of constructing a hotel in Gurgaon. to provide Civil, Architect, Horticulture Consultancy we appoint a firm from Singapore to advice to construct the hotel. now we want to make some ...
Should TDS Return For Payment of Rent To NRI Be Filed?
I want to know that whether a NRI having rental income more than minimum income not chargeable to tax is required to obtain PAN no or not?If the answer to the above question is no, Person paying rent ...
When Is Technical Fee To Non Resident Not Liable To TDS?
We are an Indian Company and doing 100% Software Export Sales to Countries like USA and other Asia Pacific Regions providing services in Application Software Development.We are handling projects for...
Can Non Resident Having Taxable Income Afford Not To File The Return Of Income?
I m a NRI, and do not have any source of income in India. therefore i m not filling my returns.however there is a possibility of some income in India in near future whereby the income earned is with...
Who Is To Tax If A Non Resident Sells Indian Company’s Shares To Another Non Resident ?
Who will be liable to tax if a non resident sells shares of Indian company to another non resident and all dealing including payments are facilitated outside India ? The general perception is that sin...
Is Consultancy Fee Paid To Non Resident Director Taxable In India?
A non-citizen of India based in the US is a Director of a PVT LTD company in India. The Director also provides consulting services to the Indian company but such services are solely carried out outs...
When Is TDS Required On Payment To Non Resident?
I am an exporter from India. I have a agent in Malaysia & need to pay him his commission for the exports done through him. How can I pay him & what are the tax barriers. Manish Shah, MumbaiYou...
While Coming Into India How Much Foreign Exchange Can Be Brought in By An NRI?
I'm an IT Consultant currently on deputation to UK.I shall be returning shortly to india. I wish to know few details like, 1) How much I can carry as Foreign Cash that need not require any declaration...
Is Consultancy Fee To A Non Resident Canadian Liable To TDS?
I am a Indian Passport Holder but residing in Canada since last 6 years as Permanent Resident. I am being offered a consulting assignment in Delhi on rotational basis ( ie. one month in Delhi... [[ T...
Should We Withhold Tax on Payment To NRI For Consultancy?
We are a software company in INDIA .We need to appoint a consultant on commission basis in US .He is a NRI settled for last 20 years.He is facilitating orders from a US company .These orders are... [...
Are You taxable for Research Remuneration Received In UK?
I am working in Cambridge university as a researcher. I will be here from August 5, 2007, up to 2 years. I am in the service of Government of India and presently I am on leave. I get a salary of... [...
Which Bank Accounts Can be Operated By An NRI ?
Indian banking system allows three types of accounts for person residents outside India specially created for non resident Indians. NRIs . The bank accounts that can be operated are : Foreign... [[...
Is Capital Gains Earned Out Side India Taxable in India?
One of my relatives has returned to India about 6 years back after residing in USA for about 15 years. His Indian Income comprises of Interest on Bank Deposits and on which he is paying Indian Income-...
Do Non Resident Get Basic Exemption Of Tax Free Income?
Is the non tax payments limits applicable to non resident? I am an NRI senior citizen and my gross income is my pension in India .It is less than Rs 1,85,000.Do I have to pay tax for Asst Yr 2007-08.T...
Will I Be Taxed In India For My Dutch Salary?
I am an Indian resident working with a multinational company at the Hague - the tenure is for six months - I have got a Dutch resident permit for this period and have paid tax to the Netherlands Gover...
Is Payment To Non Resident Consultant For Work Abroad liable To TDS?
We are Consulting Engineers providing services in various Engg. fields (Public Health Engg. & Designs ) and we are registered Ltd. co. in India (Resident). Now we are handling project in Libya. And we...
Am I Eligible For Relief For Tax Paid Abroad?
I came in for employment purpose and working here. Now after completing my 3 years tenure I am expected to come back India finally by 31.07.2007. What would be the Tax liability on me in India as I wo...
Is Rental Income of Property At Dubai taxable in India?
I am a Indian Citizen.I am going to buy a apartment in DUBAI.I can remit $100000 per year outside India.What will be the tax implications on the rental income that I will receive and on the capital ga...
Should Technical Fee Paid to Non Resident Suffer Tax At Source?
We are a US based Strategic/ Creative Brand Development Company. We are being hired by a Indian Company to develop a positioning for an existing brand in India and to develop an entirely new retail co...
Is Payment For Hosting Website Subject to TDS?
We are a proprietary firm in India, create and host websites for our clients located in India,receive payment in Indian rupees only. we host these websites on computers located in data center (large b...