Live Breaking News & Updates on Not Ordinarily Resident|Page 5
Stay updated with breaking news from Not ordinarily resident. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NRIs: Buying or selling a property in India? Know your taxes! gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
Section 6 of the Income Tax Act prescribes provisions for determination of residential status of an individual. Residential Status is determined by the number of days present in India. ....
Tax Query: How freelancing income received from abroad is accounted for thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
NRIs – determination of residential status – again in limelight Authored by Suresh Surana There are over 28 million non-resident Indians (NRIs) settled outside India primarily concentrated in the US, UK, UAE, Saudi Arabia, Canada, Singapore, Hong Kong and other countries. The NRIs have always played an enormous role in India’s growth and economic progress due to investments in India and remittances made to India. Residential Status Crucial to NRIs Residential status is ascertained for each financial year (1 April to 31 March) separately. Residents are liable to tax on their worldwide income whereas non-residents are liable to tax only on income that accrues or is received in India. Hence, this is crucial for NRIs. ....