Nri Tax
Latest news, explainers and analysis on Nri Tax. Tracking 2 stories on Arth Vani.
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Latest on Nri Tax
BreakingITAT Jaipur Grants Full Tax Relief on ₹3.41 Crore FCNR Deposits to Dubai NRI
The Income Tax Appellate Tribunal (ITAT), Jaipur bench, has granted full relief to a Dubai-based Non-Resident Indian (NRI) regarding ₹3.41 crore held in Foreign Currency Non-Resident (FCNR) deposits. The funds, initially tagged as unexplained money by the Income Tax Department, were clarified by the tribunal, providing significant relief and clarity for NRIs.
NRI & Resident Co-Owners Face Different Capital Gains Tax on Joint Property Sale
When an NRI and a resident Indian jointly sell a property, their capital gains tax liabilities can differ significantly. The resident co-owner may also independently claim reinvestment exemptions, unlike their NRI counterpart.
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