As a non-resident, transferring foreign assets into a foreign trust will not trigger any tax liability for you in India.

Rent is Rs 8,333 per month (Rs 1 lakh/year) or below: You don’t need to submit landlord’s PAN number for claiming tax ...

Nigel Farage's Reform UK party proposes a "Britannia Card" for non-doms, offering tax exemption on overseas assets for a £250 ...

President Donald Trump 's $5 million Trump Card has attracted strong interest from the overseas wealthy, but it faces legal ...

NRI children must report Indian interest income in their resident countries, but tax relief is available under DTAA to avoid ...

The main heads of tax collection in India are Income Tax, Goods & Services Tax (GST), excise duty, customs duty, and securities transaction tax (STT). There is enough empirical data to show that our ...

Mumbai ITAT grants relief to senior citizen Neeta Rohit Patel, quashing interest under Sections 234B & 234C on exempt partnership income. Landmark ruling clarifies advance tax ...

According to Anand S. Kulkarni, a practicing Chartered Accountant, “Till now, most individuals simply uploaded their Form 16 ...

The Monetary Policy Committee (MPC) statement on June 6 announced a reduction in the Repo rate by 50 basis points to 5.50 per ...

Britain's populist Reform UK party unveiled plans on Monday to offer wealthy, often foreign newcomers a "Britannia Card" to ...

Sending money to India from the US could soon come at a steep price. The proposed 3.5% remittance tax in the US may cost you $350 on every $10,000 transferred.

ITAT Mumbai rules stake money paid to horse owners is not subject to TDS under Sections 194B or 194BB, citing previous Tribunal order and CBDT ...