I have been a non-resident Indian for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. While interest earned on NRE savings accounts is tax-exempt, this exemption applies only to interest income, not to capital gains from the sale of investments made using an NRE account. Even though the funds used to …
The incident of a woman CISF constable slapping Kangana Ranaut at Chandigarh airport for her previous comments over protesting farmers stirred a political controversy. Days later, Amritsar MP Gurjeet Singh Aujla and Akali leader Bikram Singh Majithia, have claimed that an alleged assault of a Punjabi-origin non-resident Indian in Himachal Pradesh is linked with the case. According to a PTI …
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 …
Non-resident Indians holding Indian passport can apply for Aadhaar on arrival. Following the notification, the Unique Identification Authority of India has also come out with a circular stating that "NRI after his arrival in India, shall be entitled to obtain Aadhaar number". Presenting her maiden Budget on 5th July, Finance Minister Nirmala Sitharaman had said: "I propose to consider issuing …
