FEMA Form 10F filing by non-resident without obtaining PAN Form 10F is required to be filed by non-residents for claiming benefit of Double Taxable Avoidance Agreement (DTAA) so that they can get income without deduction of TDS in India. Recently, Non-residents were facing a major dilemma of obtaining PAN for filing of Form 10F on Income Tax portal. Read More » 24/10/2023 No Comments
FEMA How to Claim Foreign Tax Credit in Income tax return As per Section 90 and 90A of Income Tax Act, A non-resident Indian can avoid taxability liability in India on income generated in India by furnishing a Form 10F and Tax Residency Certificate from another country. But what about if a Resident Indian pays Income Tax in another country and is liable to pay income tax on that income in India as well? Read More » 26/09/2023 No Comments
FEMA Remittance of Funds from India to Outside India by NRI/POI In term of Bank Accounts, NRI and POI are permitted to open and operate Non-Resident Ordinary (NRO) Account, Non-Resident External (NRE) Rupee Account and Foreign Currency (Non-Resident) (FCNR) Account. Read More » 07/08/2023 No Comments
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