Can NRIs save tax through health insurance bought in India?
An NRI is allowed to buy a health insurance policy in India to secure their health as well as that of their family members. Most Indian health insurance policies provide treatment only within the boundaries of India.
Govt permits NRIs to own up to 100% stake in Air India
The government allows 100 per cent FDI in scheduled airlines based on certain conditio...
FM Nirmala Sitharaman sets Rs 15 lakh income cap to tax NRIs
Govt has decided to tax only the income generated by NRIs from the biz in India,...
500 NRIs fly in to volunteer for AAP's campaign
Kamal Garg, a software engineer based in Vancouver, Canada, is in Delhi for three weeks. The visit is not to spend time with his friends and family, but to work as a volunteer for AAP.
Income Tax department may ask NRIs to explain 'bloated' income
Clarification that overseas earnings of bona fide workers won’t be taxed is ambiguous, say experts.
Govt clarifies on Budget proposal to tax NRIs in India
Income earned outside India by NRIs won't be taxed unless it's from an Indian business or profession.
S Jaishankar on facilitating NRIs to vote via Indian missions abroad
External Affairs Minister (EAM) S Jaishankar attended ‘Pravasi Bharatiya Divas’ in Delhi on Jan 09. On being asked whether there’s any plan ...
Non-taxpaying NRIs to be taxed in India: FM
The Union Budget 2020 has now proposed to introduce a deeming provision that every Indian citizen who is not liable to tax in any other country, shall be deemed as a resident of India. Consequently, his global income would be taxable in India. It also proposed to reduce the period of stay in India to 120 days from 182 days earlier for PIOs to be categorised as NRIs.
DPIIT notifies decision to permit NRIs to own up to 100% stake in Air India
In its press note, the DPIIT said: "Foreign investments in Air India including that of foreign airlines shall not exceed 49 per cent either directly or indirectly except in case of those NRIs, who are Indian Nationals, where foreign investment is permitted up to 100 per cent under automatic route". On March 4, the cabinet had taken a decision in this regard.
NRIs may soon get to invest as FPIs
NRIs are currently allowed to invest only 5 per cent in a listed company.
Pro-CAA demonstration in Tokyo, NRIs backs Citizenship Act
A group of Indians on Friday gathered outside the Indian Embassy here to make people aware over the Citizenship Amendment Act (CAA), Nationa...
Budget move on NRIs may prompt use of tie-breaker
Many face questions regarding assets in India unless the govt changes legislation, say experts.
Budget 2020 the day after: NRIs' bona fide foreign income won't be taxed
The government said the provision was an “anti-abuse” one and will only apply to income that is generated locally.
NRIs may have to pay tax in India if not paying anywhere else: Budget 2020
Budget 2020 has proposed to tax NRIs in India, who are not paying tax anywhere in the world.
Budget 2020: Will NRIs have to report foreign assets in their ITRs?
Indian residents are required to report their global assets and financial interests. This resulted in an apprehension about Indian citizens employed or have business interests or are residing outside India including in countries which presently do not levy any tax.
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