An employee sent abroad on deputation often assumes one of two things: either that Indian tax stops applying the moment they land overseas, or that because their employer is Indian, the whole salary stays taxable in India regardless of where they work. Neither assumption is reliable. Foreign salary tax India rules do not depend on […]
If you have ever had a loss on your house property, a loss from selling shares, or a bad year in a side business, you have probably wondered whether that loss can simply be knocked off against your salary. The answer is not a blanket yes or no, the Income Tax Act, 1961 runs a
If your salary slip comes from the Indian arm of a US-headquartered company — the kind of setup common at Atlassian, IBM, and dozens of similar firms — but your equity comes from the US parent, you are not dealing with one tax event. You are dealing with three, in two countries, with different forms
Receiving salary arrears feels like good news until you see the tax on them. When a company pays you a backdated increment or when the government revises pay scales and clears arrears from three prior years in a single payment, all that money lands in one financial year — pushing your taxable income into a
Most NRIs operate with one of two wrong assumptions. The first: that being an NRI means paying no tax in India. The second: that all income connected to India in any way is taxable here. Neither is accurate, and both lead to real problems — either missed filings on income that does attract tax, or
If you are an NRI selling property in India and the buyer mentions deducting 1% TDS, stop the transaction. That 1% rate under Section 194IA applies only when the seller is a resident Indian. When you sell as an NRI, the buyer is required to deduct TDS under Section 195 of the Income Tax Act
Two documents, one recurring source of confusion. Many NRIs are not sure whether they need a PAN card, whether they must link it with Aadhaar, and what happens if they do not. The PAN and Aadhaar rules for NRIs are often misread — some NRIs panic unnecessarily about inoperative PANs, while others miss the genuine
You go to transfer money abroad — for your child’s university fees, a foreign stock purchase, or a tour package booking — and the bank tells you it is deducting tax at the time of transfer. This is Tax Collected at Source (TCS) on foreign remittances under the Liberalised Remittance Scheme (LRS), and since October
If you earn income from India while living abroad, two countries have an interest in taxing that income: India, because the income originates there, and your country of residence, because you are a tax resident there. Without any agreement between the two governments, you could end up paying tax twice on the same rupee. That
If you have ever tried to send money abroad from India — or received a call from an Indian payer asking for your tax residency documents before they transfer funds to you — you have encountered the Form 15CA and 15CB requirement. These two documents exist because Indian law requires the payer to account for
