International Taxation

Proposal 5% remittance tax under President Donald Trump’s

Key Highlights of the Proposal 5% remittance tax under President Donald Trump’s The proposed 5% remittance tax under President Donald Trump’s “The One, Big, Beautiful Bill” is a significant development that could directly impact millions of Non-Resident Indians and immigrants in the United States, especially those sending money back to India. What Is the Proposal …

Can NRIs claim DTAA benefits in India?

Is NRIs can Claim DTAA Benefits? NRIs is not be exempted from taxation under the Double Tax Avoidance Agreement, However they will be relieved of the burden of paying multiple income taxation in both nation. The Double Tax Avoidance Agreement is a treaty that is signed by the two countries. This agreement is undertaken by …

Company Registration

Overview on Highlight on international taxation

International Taxation What is International Taxation? International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country’s tax laws. Work out your tax residency To understand your tax situation, you must first work out whether you are an Indian resident for tax purposes. …

International Taxation

Tax Dept. Focus on Undisclosed Assets Overseas

Special Unit of IT Dept. to Focus on Undisclosed Assets Overseas The government has established a specialized unit of the Income-tax Department to facilitate it to commence a focused inquiry on Indians keeping unreported moveable and immovable assets overseas. Foreign Asset Investigation Units have recently been established in all 14 tax department investigation directorates located …

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