What Is OCI: Meaning, Eligibility & Benefits of Overseas Citizenship of India
Many NRIs search “What is OCI?” to understand how they can stay connected to India while living abroad. Overseas Citizen of India (OCI) status offers long-term residency benefits, including visa-free entry, permission to live and work in India, and easier access to property and education.
DTAA Between India And Taiwan: Objective, Benefits, Claim Process & Tax Rates
The DTAA between India and Taiwan is a vital legal mechanism that actively supports the flow of high-tech investment and intellectual property (IP). This agreement, signed in 2011, eliminates the financial uncertainty of dual taxation on income earned across both territories. By providing
DTAA Between India And Vietnam: Benefits, Double Tax Relief, TDS Rules and Provisions
The DTAA between India and Vietnam helps prevent double taxation and enables smooth financial transactions between the two nations. Under this agreement, income such as salary, business profits, dividends, and interest is taxed only once, either in India or Vietnam, depending on the rules
DTAA Between India and Sweden: Tax Relief, TDS Rules, Benefits and Key Provisions
The DTAA between India and Sweden is a tax agreement that stops the same income from being taxed twice in both countries. It ensures that people and businesses working or earning in both nations pay tax only once. This helps NRIs, Swedish investors, and international companies avoid extra
DTAA Between India and Thailand: Objective, Benefits, Tax Rates & Claim Process
The DTAA between India and Thailand is a crucial legal framework that eliminates double taxation on income earned by residents of either country. This agreement ensures that tax is paid effectively in only one jurisdiction, simplifying tax compliance and providing legal certainty for indi
NRI Rights in India for Property: Ownership, Inheritance & Legal Rules for 2025
A Non-Resident Indian (NRI) is an Indian citizen who resides in another country. For many NRIs, investing in real estate in their home country is a significant financial and emotional goal. The rights of NRI's in India regarding property are well-defined by Indian law, primarily under the
What Is Form 12BB: Meaning, Required Documents, Format, and How to Fill for Tax Deductions
Form 12BB is an income tax document that employees in India must submit to their employers to claim tax deductions on salary-related investments and expenses. It helps calculate the correct amount of TDS (Tax Deducted at Source). For NRIs earning a salary from India or working for Indian
PMS for NRI in India: Meaning, Eligibility, Types, Documents and Tax Implications
Portfolio Management Services (PMS) represent a sophisticated and personalised approach to wealth management, designed for high-net-worth individuals. For Non-Resident Indians (NRIs) looking to professionally manage their investments in the Indian market, pms for nri is rapidly becoming t
What is Section 115bac: New Regime vs Old Regime, Tax Rules & Benefits
Section 115BAC of the Income Tax Act introduces an optional new tax regime that allows individuals to pay tax at lower rates by giving up certain exemptions and deductions. It offers a simpler way to calculate tax liability for both residents and Non-Resident Indians (NRIs) earning income
What is Offshore Account: Meaning, Types, Benefits and Legal Aspects
For NRIs (Non-Resident Indians) who handle money in different countries, an offshore account is a type of bank account opened in a country other than where you currently live. These accounts are becoming more common among NRIs because they offer several benefits, such as easier global ban
Reasons Why NRI Moving Back To India: Financial, Tax, and Legal Checklist
The decision for an NRI moving back to India is a significant life event, driven by a desire to be closer to family, explore new career opportunities, or enjoy retirement in a familiar cultural setting. While emotionally rewarding, this transition is a complex process that extends far bey
DTAA Between India and Malaysia: Benefits, Rates and Tax Savings in 2025
The Double Taxation Avoidance Agreement, or DTAA, is a crucial bilateral treaty designed to prevent the same income from being taxed in two different countries. The DTAA between India and Malaysia is particularly important for Non-Resident Indians [NRIs], businesses, and investors operati
DTAA Between India and Mauritius: Benefits, Provisions & Tax Implications in 2025
Understanding tax obligations across borders can be challenging for global investors and NRIs. The DTAA between India and Mauritius acts as a safeguard against double taxation, providing clarity on income distribution and tax liabilities. By streamlining the taxation of different types of
DTAA Between India And Hong Kong: Tax Relief, TDS Rules & Benefits in 2025
Cross-border income often creates taxation challenges, leaving NRIs and businesses worried about paying taxes twice. To address this, the DTAA between India and Hong Kong establishes a transparent system that prevents double taxation on earnings, including salaries, dividends, royalties,
DTAA Between India And Ireland: Benefits, Tax Rates & Claim Process in 2025
A DTAA is an agreement signed between two countries to prevent double taxation for non-residents. In the same manner, the DTAA between India and Ireland provides a clear framework that prevents the same income from being taxed twice. Covering salary, capital gains, royalties, and other in