News Muncher - searching for act

2 weeks, 1 day ago

How can tenants of NRIs apply for TDS reduction?

Under what circumstances a tenant whose landlord is a non-resident Indian can apply for a reduction in tax deducted at source on rent and what are the documents needed to support the application? However, the landlord's actual tax liability will generally be lower due to deductions available against the rent income or lower tax slabs. However, regardless of the landlord's …

Tax Landlord Tenant Income Nri Rent Deduction

3 weeks, 4 days ago

NRI Taxation Explained: How India taxes non-resident Indians

Live Mint

An Indian-origin individual living outside India is termed a Non-Resident Indian. Regulations defining NRI status Two primary legislations outline the rules applicable to NRIs in India: Income Tax Act, 1961: Specifies the tax obligations of NRIs. You will be classified as resident but not ordinarily resident for a particular year if you satisfy one of the following conditions: If he/she …

Taxation Income Resident Foreign Nri Foreign Sources Rnor

1 month ago

Tax Quarterly Digest: July To September 2024

Live Law

Because Of Refund Due From Assessment Proceedings, Can't Escape Liability Of Depositing Tax Realized: Allahabad High Court The Allahabad High Court has held that a registered dealer cannot withhold the tax realised by him from a purchasing dealer only because he had deposited an excess amount of tax at the time of the transaction. Compensation To Discontinue Commodity Brokerage Business …

India Singapore Justice Mumbai Supreme Court High Court Bombay High Court

2 months, 3 weeks ago

Administrative mechanism sought for NRI grievance redressal in Andhra Pradesh

The Hindu

The Greater Washington Telugu Cultural Sangam has urged the Andhra Pradesh government to establish a grievance redressal mechanism for the Telugu community living abroad, adding that the Punjab government has taken proactive steps in this regard. Mr. Bulleiah Choudary told The Hindu that the NRIs have various grievances in Andhra Pradesh, like safeguarding their properties, land-related disputes, matrimonial disputes, duping …

Telugu Grievance Redressal Washington Nri Nris

5 months, 2 weeks ago

Head constable arrested for taking ₹20,000 as bribe

Hindustan Times

The Punjab Vigilance Bureau nabbed a head constable while he was allegedly taking a bribe of ₹20,000 on Friday. Identified as Sachin Sharma, the accused was posted as a computer operator at the NRI police station in Jalandhar city. The accused had demanded a bribe of ₹ 55,000 for helping the complainant in a matrimonial dispute case lodged at the …

Jalandhar Nri Head Constable Case Lodged

6 months, 1 week ago

Can an Australian NRI get exemption on capital gains?

Live Mint

I live in Australia with my family. The Finance Act 2023 made certain amendments in lieu of which capital gains on sale of debt mutual funds are deemed to be treated as short-term capital gains irrespective of the period of holding. Under the India-UAE double taxation avoidance agreement, mutual fund units qualify as ‘property’ not described under other paragraphs of …

India Australia Tax Indian Mutual Funds Capital Gains Funds

10 months, 2 weeks ago

Can an NRI gift Indian equity shares?

Live Mint

I am a non-resident Indian since more than 20 years, having settled down in the UK with my family. The transfer of shares would be exempt from capital gains in your hands and at the same time, it won’t be subject to tax as a gift in your son’s hands under the Indian income tax law. Between NRIs, there are …

India Tax Gift Indian Nri Shares Your Son

1 year, 9 months ago

How are NRIs taxed on rental income?

Live Mint

My son is a non-resident Indian with a small rental income of ₹30,000. Neither he nor his tenant can afford a chartered accountant to submit the tax deducted at source on this income to the income tax department. —Name withheld on request As per income tax rules on TDS, the deductor is obligated to deduct TDS and deposit the same …

India Tax Income Nri Tds

1 year, 9 months ago

How NRIs can lower TDS on income generated from India?

Live Mint

For income generated in India, non-resident Indians are required to file income tax returns. However, the provisions of the Income Tax Act provides certain relaxations or relief for the NRI being subjected to deduction of part or whole of the TDS as discussed below: Application for Lower Deduction by the Tax Deductee/ Payee As aforementioned, there could be certain instances …

India Tax Income Tax Application Income Interest Income Capital Gains

1 year, 10 months ago

Bombay High Court To Hear ACC Cement's Appeal In Case Over Dematerializing NRI’s Shares In Someone Else’s Name

Live Law

The Bombay High Court has admitted ACC Limited’s appeal against a decree that found the cement company negligent for dematerializing an NRI’s shares in someone else’s name. On March 27, 2017 a civil court held ACC negligent for dematerializing the NRI - Dr. Rustom Sam Boyce’s - shares in someone else’s name despite being put to notice that the shares …

Court Bombay High Court Negligence Duty High Acc Nri

1 year, 11 months ago

Delhi High Court Directs CARA To Issue NOC To NRI Couple For 2011 Adoption

Live Law

Directing CARA to issue an NOC within 30 days to an NRI couple for adoption of a child, the Delhi High Court in a ruling said the application being prior to the coming into force of Adoption Regulations, 2022, the "adoption would not be strictly required to be dealt with in the procedure prescribed in the said Regulations." "The Court …

Adoption Court Noc Cara Petitioners

1 year, 11 months ago

Tax Cases Monthly Round-Up: December 2022

Live Law

Indirect Taxes Supreme Court Case Title: CIT Versus Swapnil Finance Pvt. ITAT Case Title: Sudhir Chadha Versus ACIT The Delhi Bench of the Income Tax Appellate Tribunal has held that the department is not allowed to travel beyond the issues involved in limited scrutiny cases. Case Title: ITO Versus Dr. Satish Natwarlal Shah The Ahmedabad Bench of the Income Tax …

India Justice Tax Court Customs Natural Justice Income Tax

2 years ago

Why US, Canada NRIs face these restrictions in mutual fund investments in India

Live Mint

Are you a non-resident Indian looking to invest in mutual funds in India? Talking on why US and Canada NRIs face certain restrictions while investing in mutual funds in India, Amit Gupta, MD, SAG Infotech said ‘this is due to the onerous compliance requirements Foreign Account Tax Compliance Act ’. On 9 July 2015, India and the US agreed to …

India Canada Tax Compliance Fund Invest Mutual

2 years, 2 months ago

TDS On NRI Payment: Delhi High Court Rejects Appeal By Revenue- Payment Found As Salary, Not Fees

Live Law

The Delhi High Court, while upholding the order passed by the Income Tax Appellate Tribunal, has held that the provision of TDS on NRI payments under Section 195 of the Income Tax Act has no application once the nature of payment is determined as salary and a deduction has been made under Section 192.The division bench of Justice Manmohan and …

Tax Delhi High Court Income Payment Act Nri Tds

2 years, 3 months ago

Son of pastor booked for video recording inside police station

Hindustan Times

The NRI Coastal Police, on Thursday, booked the 20-year-old son of the accused pastor who is in police custody, for video recording inside the police station. The NRI Coastal Police, on Thursday, booked the 20-year-old son of the accused pastor, who is in police custody, for video recording inside the police station. The accused identified as Robin Rajkumar, a resident …

Station Police Station Video Recording Nri Coastal Nri Coastal Police

2 years, 4 months ago

Supreme Court Issues Notice On Plea To Allow NRIs To Vote In Elections From Abroad

Live Law

The Supreme Court has issued notice in a petition seeking directions to the Central Government to permit citizens residing outside India to exercise their franchise, under Section 20A of the Representation of the People Act, 1950, from their place residence or employment. The petition has thus asked for alternative options/external modes to be provided to citizens residing outside India for …

India Supreme Court Right Vote Citizens Act Nri

2 years, 5 months ago

NRE account: Eligibility to open, uses, transferability, income tax on interest

Live Mint

As many Indian citizens are migrating from India either for studies or for taking up an employment it is important for them and their family members here in India to know about various bank accounts a person who has become a non-resident under FEMA can open here in India. What can be credited in the NRE account and what debits …

India Tax Money Indian Bank Interest Fema

3 years, 4 months ago

Onus on tenant to cut TDS for NRI payments

Live Mint

I am a non-resident Indian, and am earning ₹2.5 lakh every year as rental income from my property in India. Is this arrangement fine, or should I myself cut the 30% TDS every month on behalf of my tenant, and claim it while filing tax returns? —Name withheld on request According to the Income Tax Act, tenants must deduct TDS …

India Tax Tenant Income Tan Nri Rent

3 years, 8 months ago

Supreme Court Issues Notice in Plea Seeking To Maintain NRI Status For 2020-21 FY For Purpose Of Taxation Under IT Act

Live Law

Supreme Court has issued notice in a plea filed by Dubai based non-resident Indian Gaurav Baid, directions to consider him a Non-Resident Indian for Financial Year 2020-21 regardless of number of days of his stay in India, on account of the Covid19 pandemic. According to the petitioner, the impugned notification was issued pursuant to the Supreme Court Order dated 10th …

India Justice Supreme Court Financial Tax Court Indian

3 years, 10 months ago

Supreme Court Issues Notice On PIL Seeking Postal Ballot, E-Voting Facility For NRI Voters, People Living Outside Constituencies

Live Law

The Supreme Court on Thursday issued notice on a writ petition seeking voting rights for Non Resident Indians and other people who, at the time of elections, are outside their voting constituency, by way of methods like postal ballots. However, Advocate Kaleeswaram Raj appearing for the Petitioner argued that insistence of physical presence for voting by imposing rigid conditions violates …

India Court Voting Right Vote Pil Petitioner

3 years, 10 months ago

Tenant Cannot Dictate Adequacy Of Space Required By Landlord For Proposed Business Venture: Supreme Court Upholds Summary Eviction Order

Live Law

A tenant cannot dictate how much space is adequate for the proposed business venture or to suggest that the available space with the landlord will be adequate, the Supreme Court observed while upholding an eviction order passed in favour of an NRI landlord under East Punjab Urban Rent Restriction Act, 1949.In this case, the landlords moved Rent Controller seeking immediate …

Eviction Landlord Tenant Tenants Possession Nri Rent

4 years, 2 months ago

J&K Police Seeks to Take NRI Businessman Mubeen Shah into Custody After Revoking His PSA Detention

News 18

Eleven months after revoking his detention under the stringent Public Safety Act, Jammu and Kashmir Police has initiated the process of taking NRI businessman Mubeen Shah into custody and attachment of his properties. “Yes, we are in the process of securing an arrest warrant against him after the police station concerned found his post on social networking site was aimed …

Kashmir Shah Jammu Psa Kashmir Police Nri Businessman Mubeen Shah

4 years, 3 months ago

NRIs are liable to pay tax on dividend income

Live Mint

I have been living in the UK for five years now, and I started investing in Indian stocks this year. —Name withheld on request Until 31 March, dividend income from an Indian company was exempt from Income tax in India with certain exception for super rich “residents”. For shareholders qualifying as NRI, dividend income is taxable at the rate of …

India Tax Indian Income Dividend Rate Nri

Filters

Articles for Nri, search results for act

How can tenants of NRIs apply for TDS reduction?

NRI Taxation Explained: How India taxes non-resident Indians

Tax Quarterly Digest: July To September 2024

Administrative mechanism sought for NRI grievance redressal in Andhra Pradesh

Head constable arrested for taking ₹20,000 as bribe

Can an Australian NRI get exemption on capital gains?

Can an NRI gift Indian equity shares?

How are NRIs taxed on rental income?

How NRIs can lower TDS on income generated from India?

Bombay High Court To Hear ACC Cement's Appeal In Case Over Dematerializing NRI’s Shares In Someone Else’s Name

Delhi High Court Directs CARA To Issue NOC To NRI Couple For 2011 Adoption

Tax Cases Monthly Round-Up: December 2022

Why US, Canada NRIs face these restrictions in mutual fund investments in India

TDS On NRI Payment: Delhi High Court Rejects Appeal By Revenue- Payment Found As Salary, Not Fees

Son of pastor booked for video recording inside police station

Supreme Court Issues Notice On Plea To Allow NRIs To Vote In Elections From Abroad

NRE account: Eligibility to open, uses, transferability, income tax on interest

Onus on tenant to cut TDS for NRI payments

Supreme Court Issues Notice in Plea Seeking To Maintain NRI Status For 2020-21 FY For Purpose Of Taxation Under IT Act

Supreme Court Issues Notice On PIL Seeking Postal Ballot, E-Voting Facility For NRI Voters, People Living Outside Constituencies

Tenant Cannot Dictate Adequacy Of Space Required By Landlord For Proposed Business Venture: Supreme Court Upholds Summary Eviction Order

J&K Police Seeks to Take NRI Businessman Mubeen Shah into Custody After Revoking His PSA Detention

NRIs are liable to pay tax on dividend income