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Can OCI Cardholders Open an NRE Account?
I'm an OCI cardholder living in California and became a US citizen a few years ago. I still have financial ties to India because I visit regularly, and I'm now...
RBLast reply by
Rohit Bansal
9Replies
Can I Sell Property in India Without Visiting Personally?
I'm an NRI living in Canada and own an apartment in Hyderabad that I'm planning to sell this year. The problem is that I won't be able to travel to...
BSLast reply by
Bhagwan singh
3Replies
My TDS Was Deducted Twice—What Should I Do?
I'm an NRI living in Dubai and recently sold a residential property in Pune. The buyer deducted TDS at the time of payment, which I expected. However, when I checked...
ALast reply by
Anand
6Replies
How does FEMA impact NRI taxation?
According to the FEMA rules for the NRIs, once your resident status changes from an Indian resident to an NRI living outside India, you have to follow some of the...
VOLast reply by
Viraj Oberoi
3Replies
What are the Two Types of Remittance?
There are mainly two types of remittance, which are named inward remittance and outward remittance, which depend on the transaction purpose. Both taxes are subject to the FEMA regulations and...
RKLast reply by
Rina Kaur
3Replies
What is Section 80c of Income Tax Act?
Section 80C of the Income Tax Act allows tax deduction benefits to the taxpayer up to 1.5 lakhs INR on various schemes and investments. It includes life insurance premiums, loan...
AMLast reply by
Arjun Mehta
5Replies
What are Sections 194-ib and 194-ic Under Income Tax Act?
Section 194-IB of the Income Tax Act deals with the tax to be deducted at source for the rent payment at 2%, which is more than 50,000 INR in a...
SLast reply by
Savetaxs
4Replies
Is Pension Covered Under Section 17(1)?
Yes, under section 17(1), which is termed as a salary, and it includes your pension, which you have contributed by the central government or any employer in a financial year...
DMLast reply by
Dev Malhotra
3Replies
What is Salary Under Section17(1)?
In Section 17(1), the term salary means any income or payments you get from any employer. It includes basic salary allowances, commissions, profits, and bonuses. It is a form of...
NKLast reply by
Neel Kaul
4Replies
What is Form 9a of Income Tax Act?
Form 9A is an Income tax application form which is used for exercising the option under clause (2) of sub-section (1) of the Income Tax Act. By using this form,...
