NRI and Cross Border Taxation

What is Foreign Tax Credit?

A foreign tax credit allows residents to pay the tax on their foreign income in another country to lower their tax liability in India.  The main purpose of the foreign...

 

Why are Form 15CA and 15CB Required?

A Form 15CA is a declaration that is used to collect the information which is related to the payments that are chargeable to tax with Non-residents. It is a useful...

 

What are the Income Tax Deductions for NRIs in India?

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...

 

What are the Best Way for the NRIs to Send Money to India?

Here are some of the best ways for the NRIs to send money to India.  Wire Transfer: A Non-resident of India (NRI) can transfer their money from foreign or their...

 

What is Fund Repatriation?

NRI funds repatriation means the transfer of funds from the NRI bank account to an Indian bank account or their residence country bank account. It includes both processes of sending...

 

What are the Advantages of Double Taxation Treaties?

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...

 

What is the Regulation of FEMA?

Here are the FEMA rules for the NRIs If you changed your resident status to the NRI, then you will need an NRO or NRE savings account as per the...

 

Are There Any Income Tax Deductions Available to NRI?

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...

 

What is Form 16 password?

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...

 

What is the Eligibility Criteria for Form 16?