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Articles from Ajay Vaswani | Selfgrowth.com
- NRIs Tax Evaders in Gulf on Income Tax Radar - by Submitted on Jul 22, 2020 from Ajay VaswaniIndia’s efforts to track down NRI tax evaders could soon see officials monitoring the funding flows of nationals living in Gulf countries. “Some of the leading Gulf cities such as Dubai, Abu Dhabi, Bahrain [Manama] and Doha are major financial centres that are increasingly attracting Indian ...
Views: 272 - NRI Bank Accounts Explained in Simple Language - by Submitted on Jul 21, 2020 from Ajay VaswaniNRIs and foreign nationals of Indian origin (PIO), residing overseas can open bank accounts in India without seeking any permission from the Indian government authorities abiding by NRI taxation and NRI tax rules. Basically, there are two types of bank accounts that NRI/PIO can maintain in ...
Views: 273 - Filing of Income Tax Return by Non-Resident Indian - by Submitted on Jul 20, 2020 from Ajay VaswaniThere has always been a question in mind of NRIs whether to file income tax return, is it mandatory to file, only income earned in India is to be disclosed and many other questions. With this article, a fair picture would be made available on NRI tax filing status. Non-resident Indians (NRIs) ...
Views: 334 - Tax Implications for NRIs Who Want to Sell Property in India - by Submitted on Jul 20, 2020 from Ajay VaswaniNon-Resident Indians have been builders favorite in India for years to come, the reason being there pay capacity to buy and easy closures. The buying process has been made pretty easy for NRIs but when it’s about selling, there is a fair amount of confusion about NRI tax implication for those ...
Views: 357 - Tax implications for NRI’s returning to India - by Submitted on Jul 19, 2020 from Ajay VaswaniIt is a well- known fact, that most of the Indians are returning to their homeland to explore new avenues, but coming back is not the only thing on their minds; they need solutions for their taxes as well. Basically, most of them want to know what implications will their Non Resident Indian ...
Views: 417 - Budget 2020: Impact of Budget vis-a-vis Budget of Impact, NRIs Happy or Unhappy? - by Submitted on Jul 13, 2020 from Ajay VaswaniBudget was presented by the Finance Minister under the leadership of Prime Minister Narendra Modi led NDA government by Nirmala Sitharaman on 1st February 2020 saying that the budget is in line with achieving 5 trillion dollar economy by 2025. Considering tax revenue collection from NRIs and ...
Views: 260 - Impact of Budget 2019 on Non Resident India’s (NRI’s) - by Submitted on Jul 13, 2020 from Ajay VaswaniOn July 5, 2019, Nirmala Sitharaman, India’s Finance Minister presented her maiden Union Budget in Indian Parliament. She did not disappoint either the Indian residents or the NRI Diaspora. It was a decent budget focused on boosting infrastructure investment in India. Emphasis was made on ...
Views: 321 - FM announces Relief for Stranded NRIs due to COVID Lockdown - by Submitted on Jul 03, 2020 from Ajay VaswaniFM announces Relief for Stranded Non-Resident Indians and Foreign Nationals for NRI tax rules due to COVID Lockdown. On Friday, Indian Finance Ministry allowed discounting of prolonged stay period in India to determine residency status amid the lockdown. In a much anticipated and awaited relief ...
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