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No, NRIs don't have to pay taxes in India if they are generating a foreign income outside India, then it is not taxable. However, if they are generating a taxable income in India from various sources, like any rental property, from business interests, dividends, interests on indian accounts, and capital gains from the Indian sources, then they are liable to pay taxes in India.
No, you don't have to pay taxes on the foreign income sources in India. However, if you are generating an income in indian from the following list, then you need to pay tax in India as an NRI:
According to the Income Tax Act, 1961, if you are an NRI and generating an income or receiving an Income in India, then you need to pay the tax in India. It includes:
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Here are the deductions under the Income Tax for the NRIs. For the NRIs, most of the deductions fell under Section 80. A maximum deduction under section 80C is up...
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To download Form 16 for the salaried, you need to follow the given steps below: First, you need to visit the official website of the Income Tax Department. Now, log...
Section 90A of the Income Tax Act is applicable between the specific associations of two countries that have signed the Double Taxation Avoidance Agreement (DTAA). This Section allows for a...
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Here are some of the major advantages of the double taxation treaties for Indian residents, which help them manage international investments and incomes. DTAA provides tax exemptions for people who are...
Yes, NRIs are imposed with several exemptions and deductions under the Indian Income tax laws. These deductions come under the sections 80C, 80D, 80G, 80TTA, which are easily available to...
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If the income you are getting from indian sources, then you are liable to pay taxes in India, and the NRI income tax will depend on your residential status for the year.
Upon getting a salary in India from any services, business, or Indian registered company, you have to pay taxes in India, and if you get capital gains on the transfer of property in India. If the NRI is earning outside India, it is not taxable in India. Only the income you get from India or received in Indian is taxable. Any other income that is generated outside of India from any business or investments is liable to pay taxes in India. As an NRI, if you are not generating Income in India, then you don't need to pay tax in India.
Additionally, if an NRI whose Income is more than 2,50,000 or more, then he needs to file an Income tax return in India.