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Under the income tax laws, an individual is taxed based on the residential status. A residential status can either be resident or non-resident. Further, a Resident is categorised into Not Ordinarily Resident (NOR) or Ordinarily Resident (OR) depending on his/her physical presence in India during the previous financial years. Read on to know how it impacts individual. ....
The interim budget for 2024 is expected to revolutionize India s economic landscape and address the challenges faced by NRIs. It will prioritize opportunities to boost economic growth and reduce the tax burden for NRIs. The budget is anticipated to simplify the Tax Deduction at Source (TDS) compliance process for NRIs, making it similar to that of resident sellers. ....
A team of six industrial data scientists and engineers from Imrandd will use existing data from three offshore installations to identify where inspection requirements could be removed or modified. ....
India s policymakers need to take a der aaye, durust aaye (started late but got it right) approach now and make Lakshadweep a model in sustainable tourism. That would mean only a miniscule fraction of India s 1.4 billion people can be allowed to stay there at a time. Or else by 2050 the fragile coral atolls of Lakshadweep will be submerged by humans and not by the Arabian Sea due to global warming, as is being predicted for Maldives. ....