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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 ...
Nris To Be Taxed For Gifts Received From Resident Indians

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 ...
Nris Dtaa You Need Know
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. ...
Share info on bank a/c of Indians or face G20: FM tells Switzerland
Upping the ante against Switzerland for not sharing information on Indians stashing money in its banks, Finance Minister P Chidambaram has threatened to drag the European nation to multilateral foras like G20 for continuing to block its requests. Chidambaram, in ...
Share Info On Bank A C Indians Or Face G20 Fm Tells Switzer
Blackmoney:India posts IRS officers in 7 nations except Cyprus
New Delhi, Mar 4 (PTI) As part of its strategy to curb offshore tax evasion and promote foreign investment, India has recently operationalised seven new Income Tax Overseas Units (ITOUs) in countries like Germany, USA and France. A similar Income ...
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 ...
Nokia Tax Case India Finland Officials Discuss Tax Dispute
Government notifies implementation of GAAR from April 2016
The government has notified the controversial anti-avoidance tax rules, which will be implemented from April 2016 and apply to business arrangements with a tax benefit exceeding Rs 3 crore., reported PTI.The General Anti Avoidance Rules (GAAR) provisions will come into force ...
Government Notifies Implementation Gaar
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 ...
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