Hey your blog is excellent and way better than most sites i have seen keep it up !! what is the difference between NRI and PIO?Is there a different set of rules for PIOs?I have been filing returns as NRI for the last couple of yrs on income from other sources from moneys recd on...
How Can A Non Resident Get PAN?
March 27, 2007 by
Now that CBTD has allowed Non Resident to get a PAN , everyone who is Non resident should get PAN because for most of the financial transaction, PAN is mandatory in India.The circular issued by System wing of CBDT is given below PAN Circular No. 4 Dated: 11.10.2006 “Following guidelines are issued to facilitate the...
How to Give Gift to An NRI Without Any Problem!
March 21, 2007 by
My son is an NRI and working in the US. Can I give him a gift of Rs. 5 lakhs from my retirement benefits and deposit the same as a Fixed Deposit in bank in his name as a joint account with my name as second depositor.? What will be his or my tax liability...
Rental Income From NRI’s House Is Taxable in India
February 27, 2007 by
I am a NRI living in the US since Nov 2003. I bought an apartment in India in Aug 2005 and since then I have been paying EMIs. I have 2 questions.1) I am planning to rent out the apartment starting next month. I was told that once I start receiving the rent, it is...
Receive the Sale Consideration Outside India And Get Tax Exemption
February 21, 2007 by
I recently returned to India in April 2006 after spending 9 years in the US. For the year 2006-07 I will have to file tax returns in India. During my stay in the US I bought some stock of a company listed on the NYSE. I bought this stock about 3-4 years ago. Now I...
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