Immigration kicks off a lot of paper –work. Until and unless you don’t complete it, your travel to foreign remains unconfirmed. Be this trip motivated to tour, work or education, you have to meet several formalities with passport as well as visa authority.
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Is Rental Income From India Taxable for NRIs?
Millions of Indians live abroad. And many out of them have hereditary home in India. Since it belongs to their ancestors, they don’t like to sell them. But sparing those accommodations vacant can invite eyeballs of the land-mafias who are defaulters. They confiscate property without any prior notice to the owner. This is why renting it out is the only option left to avert this problem. And also, they credit an additional benefit of rental income through it.
Read MoreHow to Change Name in Aadhaar While Linking With PAN Card?
Indian central government has emphasized on linking Aadhaar Card with Permanent Account Number (PAN) Card. It has set 31st July 2017 as the timeline to do so mandatorily. Millions of tax-payers are buzzing about this new provision.
Read MoreNRIs Need PAN No. for These Transactions besides Tax Payment
Do you think PAN card is required for tax payment only? Indeed, it should be provided at the time of tax payment. But there are certain more arenas where this unique number is mandatory requirement for emigrants, like NRIs.
Read MoreWhat is H1B Visa? What Restrictions Are Announced by Trump?
With the change in American ruling, new visa rules have been tabled by the current president Donald Trump. According to it,
Read MoreDo Emigrants Need PAN Card for Paying Tax in India?
Do you think PAN (Permanent Account Number) is the only access card to income tax payment system? However, it is but not the only access ticket to the tax payment gateway.
Read MorePAN Card Not Mandatory to Pay Tax by NRIs, OCIs & PIOs
NRIs, PIOs and OCIs are battling to swap junked currency after demonetization. Now, Reserve Bank of India (RBI) has given a new lease to them. The date to swap outdated currency has been extended upto 30th June, 2017. By showing their valid identity & source proofs along with the letter/form of authority, they can easily exchange the defunct notes at any branch of RBI.
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