Ask a Question
Here are the FEMA rules for the NRIs
NRIs can buy residential and commercial properties in India and receive immovable property gifts from their inheritance or relatives. However, they are not allowed to buy any plantation or agricultural lands in India.
Share Your Thoughts and Connect with Others.
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...
Section 91 of the Income Tax Act applies to an individual who is eligible to claim the tax relief under a condition if the DTAA is not present between Indian...
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...
The Password for the Form 16 is the first five letters of your PAN and the date of birth in the DD/MM/YYYY format. Taxpayers will get their Form 16 passwords...
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...
Form 16 is a TDS certificate issued to the employees of the company. It includes information on salary paid and Tax deduction at source under Section 192 of the Income...
Form 16 is required for: It is a valid proof that the government has received a tax from the employer. Helps in filing the Income Tax return, which includes essential...
Section 90 is applicable when there is a DTAA signed between India and a foreign country. Under this section, you can get relief in the form of a foreign tax...
Let Savetaxs guide you to the perfect solution for all your queries.
NRIs can repatriate funds up to 1 million USD in a financial year, and it is allowed even if you are retired from employment or have inherited the property. According to the FEMA rules sale of the proceeds of such assets is non-repatriable outside India, and they can repatriate assets, like rents earned from the immovable property owned overseas.
The students who are in foreign countries and treated as NRIs are eligible for all the facilities under the FEMA rules. They can receive remittances up to 10 lakh USD in a year from their NRO and NRE accounts.