Tax Residency Certificate (TRC) for Non-Resident Indians

 Non-Resident Indians usually have income from more than one country. Such incomes are subject to the application of tax in both countries due to local laws despite the fact that you are a tax resident in only one of these countries. In such situations, a tax residency certificate (TRC) can help NRIs avoid paying double taxes on income earned in both their country of residence and India under the Double Taxation Avoidance Agreement (DTAA).

Manoj Negi

· 12,985 views

NRI Income Tax Calculator: For Your Tax Calculation in India

 Income Tax for NRIs is quite a complex and confusing aspect of financial management. However, with the advent of technology and online tools, calculating taxes has become more accessible and convenient. One such tool that has gained popularity among NRIs is the NRI Income Tax Calculator. In this blog, we will explore functionality and benefits of the NRI Income Tax Calculator, shedding light on how it can help NRIs effectively manage their tax obligations.

Charu Dhasmana

· 9,098 views

New Rules for NRI Taxation in India FY-2023-24

 NRIs fall under the Income Tax Act, 1961. The income tax rules for NRIs vary greatly from those for residents. The status of an Indian citizen, whether a resident or NRI, is determined based on their physical presence in India during a financial year and the preceding 10 financial years. However, the residential status of an individual needs to be determined each year. Here are the new rules for NRI taxation in India.

Manoj Negi

· 26,931 views

Income Tax Rules for Indian Seafarers/ Merchant Navy

 A seafarer, merchant navy worker or mariner is a person who travels on a boat or ship on the sea. Seafarers hold a variety of ranks and professions, each of the crew members executes unique responsibilities. A seafarer navigates water bone vessels or assists as a crew member in the operation or maintenance of a ship. Seafarers receive remuneration in the form of salary from a ship owner or company. Income tax rules for Indian seafarers will depend on their residential status. However, there is no specific provision of income tax exemption for Indian seafarers.

Manoj Negi

· 66,539 views

NRI Account Minimum Balance: Updated for 2024

 NRI Account Minimum Balance is an aspect that has made many Non Resident Indians (NRIs) search the internet very often. It can be a struggle to individually visit every bank website and dig in for that one answer you are looking for. Top Banks in India such as ICICI, SBI, HDFC etc have different minimum balance requirements. In this article we will provide you with the answers you have been looking for all at one place.

Manoj Negi

· 109,733 views
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