Reassessment Income Tax Notice to NRIs: How to Respond to it?

 Several UAE-based Non-Resident Indians (NRIs), have received an income tax notice from the Indian Income Tax Department regarding their previous investments in India. This has caused worry among NRIs about how to proceed after receiving such notices, especially when they are not familiar with Indian tax laws and regulations. However, it is essential to respond to such notices promptly to avoid any legal consequences. In this blog, we will explain how NRIs should respond to a reassessment income tax notice.

Charu Dhasmana

· 8,700 views

Challenges in Doing Business in India for NRIs

 Non-Resident Indians (NRIs) have always been an integral part of India's economy. Along with large inward remittances, NRIs also bring along skills, vast knowledge and expertise when setting up businesses in India. India received the highest annual FDI inflows of $84.835 billion in the Financial Year (FY) 2022. However, despite their immense contributions, NRIs face several challenges in doing business in India. In this blog post, we will discuss some of the significant challenges faced by NRIs while doing business in India.

Charu Dhasmana

· 6,837 views

NRI Selling Inherited Property in India: Tax Implications 2023

 Becoming an NRI means staying away from one’s home country. Staying away doesn’t let you stay in the house where you spent your entire childhood. When you inherit these properties, you have multiple options. You can keep it as your retirement plan, rent it out, gift it to your relatives or sell it for good if you want to stay abroad after retirement. In this article, we will understand the elements of inherited property in India and the tax implications for an NRI selling inherited property in India and other related aspects.

SBNRI Team

· 248,694 views

SBI NRE Account Opening: Online Application

 State Bank of India is the largest public sector Indian bank that is known to every resident Indian and NRI (Non-Resident Indian). The bank provides a wide range of products and services, including NRI banking, through its wide network of branches in India and overseas. An NRE savings account is a type of rupee-denominated SBI NRI account that allows Indians living abroad to deposit, manage and remit their foreign income. NRIs and PIOs can open SBI NRE accounts for their transactional needs in India. They can apply for SBI NRE account opening online from the country of their residence or visit a branch of the bank in India or abroad.

Manoj Negi

· 92,012 views

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