Long Term Capital Gain Tax on Sale of Property in India

 If you are planning to sell a property in India, you must be aware of tax implications on the gain arising from the sale of such assets. Tax liability on these assets depends on the duration for which the property was held by the seller and is calculated under the head ‘Capital Gains’. Capital gains are classified into two categories - long-term capital gains and short-term capital gains. For example, you will have to pay long term capital gain tax on sale of property held for more than 2 years.

Manoj Negi

· 11,918 views

New vs Old Tax Regime: Which is better for NRIs/OCIs

 Many changes have been proposed to the new income tax slab in Union Budget 2023. The basic exemption limit has been increased from Rs. 2.5 lakh to Rs. 3 lakh and the tax rebate has been hiked on income up to Rs. 7 lakh against Rs. 5 lakh earlier. However, the old tax slabs regime is still in effect. Hence, taxpayers can choose between the two regimes - New vs Old Tax Regime - when paying their taxes. So, which tax regime should NRI taxpayers choose after the announcement of union budget 2023 for NRIs?

Manoj Negi

· 6,776 views

How to Avoid TDS on NRO Account?

 For NRIs, the Non-Resident Ordinary (NRO) account is one of the NRI bank accounts they need to open after a change in their residential status. It allows individuals to manage their income earned in India and facilitates various transactions. However, one aspect that often concerns NRO account holders is the deduction of TDS on their NRO account transactions. NRIs who have invested in India usually have this query, “how to avoid TDS on NRO account’? In this blog post, we will clarify whether NRIs can avoid TDS on NRO account, and if not, then what are the ways by which they can minimize TDS on their NRO account.

Charu Dhasmana

· 9,955 views
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