How an NRI can challenge a one-sided tax ruling
Inquiry from an NRI Regarding Income Tax Assessment An NRI recently discovered that an ex parte income tax assessment had been made against them in India. Additions were made under Section 69 of the Income Tax Act concerning deposits in NRE and FCNR accounts. They stated they have no taxable income in India and have […]
NRI taxation: A guide to claiming special tax benefits
mint Here’s an overview of who can claim certain benefits, which assets are eligible, and the timing involved. Types of Income Eligible for Concessions Concessions are applicable to two main categories of income. “Special tax provisions are relevant for income generated from foreign exchange assets. This includes interest, dividends, and long-term capital gains (LTCG) from […]