<p>NRI Taxation Services | NRI Income Tax Filing | NRI Notice Handling | NRI Scrutiny & Assessment | NRI Appeal before CIT(A) | NRI Capital Gains Tax India | TDS on NRI Income | DTAA Advisory for NRIs | Repatriation of Funds | FEMA Compliance for NRIs | NRI Tax Litigation | NRI Refund Advisory | Income Tax Notices for NRIs | International Tax Advisory India | CA Certification for NRIs</p>
Background and Limits The Liberalized Remittance Scheme (LRS) was introduced by the Reserve Bank of India (RBI) through A.P. (DIR Series) Circular No. 64 dated February 2004, with the objective of simplifying and liberalizing foreign exchange facilities available to resident individuals. Under the LRS, resident…
Who qualifies as a Seafarer or Merchant Navy Worker in Income Tax Act? To begin with, it is fundamentally important to clarify that the Income Tax Act, 1961 (hereinafter referred to as the ‘Act’), does not strictly define or recognize specific occupational terms such as…
Background: Rising Income Tax Scrutiny for NRIs, OCIs & Returning Non-Residents In recent years, the Income Tax Department of India has significantly strengthened its technology-driven intelligence and data-tracking capabilities. Through advanced information systems, the department now captures and consolidates financial data from multiple reporting sources…