Income Tax Form 13 for Lower Deduction Certificate – FY 2023-24

 Many NRIs invest in real estate in India and when they have a good offer from a buyer, they tend to sell it. One of the important things to consider here is the tax liability. For an Indian resident, the tax is deducted at 1% of the sale consideration if such transaction’s value is Rs. 50 lakhs or more. Whereas for NRIs, the tax is deducted at 20% of the sale consideration irrespective of the transaction value of the property. This is a genuine concern for the NRIs. However, NRIs can apply for Income Tax Form 13 for lower deduction certificate. This article explores in detail about Form 13 i.e lower TDS Certificate provisions and procedures.

Charu Dhasmana

· 9,967 views

Union Bank of India NRI Account: Know Latest Interest Rates

 Union Bank of India offers a wide range of NRI services to cater to the financial needs of NRIs. Some of the services include speedy and easy remittances, internet banking, international debit/credit cards, home loans, special deposit schemes, etc. This blog aims to provide a comprehensive guide to Union Bank of India NRI accounts, including their features, benefits, and process of opening an account.

Manoj Negi

· 5,223 views

PNB FCNR Rates: Tax-Free Investment for NRIs

 Foreign Currency Non-Residential (FCNR) fixed deposit accounts have become increasingly popular among NRIs seeking to invest their foreign earnings in India. Punjab National Bank (PNB), one of the leading public sector banks in India, offers competitive FCNR rates to its NRI customers. In this blog, we will discuss PNB FCNR rates, along with the benefits of investing in FCNR FD accounts with Punjab National Bank.

Charu Dhasmana

· 8,382 views

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