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The Income Tax Department, leveraging advanced database systems, now captures various financial transactions of taxpayers, including Non-residents (NRIs, OCIs). Despite assumptions that foreign source funds aren't taxable, the absence of Indian Income tax filings prompts the department to verify potential tax evasion and the sources…
The taxation of non-resident Indians (NRIs) in India upon the sale of immovable property is an important aspect governed by Indian tax laws. When NRIs sell property in India, they encounter specific tax obligations and considerations that necessitate careful understanding and compliance with Income Tax…
Property sales in India are common transactions for NRIs and OCIs, but they often encounter income tax and other regulatory provisions. In such cases, they seek guidance from tax consultants. We provide assistance to NRIs, OCIs, and other foreign citizens in applying for Lower TDS…