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NRIs To Be Taxed For Gifts Received From Resident Indians
Presently, gifts given as (any sum of money paid or property transferred) by a resident Indian to a non-resident is claimed as non-taxable in India as the income does not arise or accrue in India. But with the proposed amendment in ...

Why Bulk of Foreign Investment Into India Comes Through Mauritius?
By now individuals tracking business may know that a lot of Foreign Direct Investment (FDI), foreign portfolio investments and money through private equity flows through Mauritius. In fact, according to reports almost 40 per cent of Foreign Direct Investment (FDI) ...
NRIs and DTAA: All you need to know
If you are a Non Resident Indian (NRI), you would have observed that a 30.9 per cent tax has been deducted from your NRO Savings Account on interest the bank has paid. Now, to get this money back, if you ...
Should an NRI student close a domestic savings account?
It is illegal if an NRI student maintain normal resident bank accounts according to the FEMA (Foreign Exchange management Act) regulations. A student becomes an NRI if he / she stays abroad for more than 182 days in a financial year. ...
Nokia tax case: India, Finland officials discuss tax dispute
New Delhi: Indian and Finnish finance ministry officials on Tuesday discussed Nokia's Rs 21,153 crore tax dispute case and reviewed the double taxation avoidance agreement. "Finnish finance ministry officials met Indian finance ministry officials on Nokia case today. The meeting ...
What is Double Taxation Avoidance Agreement (DTAA)?
Double Taxation Avoidance Agreement (DTAA) also referred as Tax Treaty is a bilateral economic agreement between two nations that aims to avoid or eliminate double taxation of the same income in two countries. Example citing the working of DTAA: An NRI ...
Mauritius says given information on 170 cases to India
Facing allegations of being a route for round-tripping of funds and money laundering by Indian entities, Mauritius says it is fully committed to remain a credible financial centre and there has been 170 cases of exchange of information with Indian authorities ...
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