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 In an increasingly globalized world, remittances—money sent across countries—are vital for families, businesses, and economies. Whether you are sending money home to support your loved ones or transferring funds internationally for investment, understanding remittance tax and its implications is crucial. What Does Remittance Tax Mean? Remittance tax refers to taxes or charges imposed by governments on money transferred internationally. These taxes may be levied when funds are sent abroad or when money is received from foreign sources. The tax rules vary widely depending on the country, the purpose of the  remittance tax , and the type of income involved. When Does Remittance Tax Apply? Not every remittance attracts tax. The taxability usually depends on: Source of funds: Income earned domestically or abroad may have different tax treatments. Purpose of transfer: Gifts, loans, investments, or business transactions may be treated differently. Amount of money tr...

 Gold has long held cultural, emotional, and financial significance in India. Whether it's for weddings, religious functions, or personal investment, gold remains a valuable asset. With millions of Indians residing overseas and frequently traveling back home, carrying gold across international borders is common. However, Indian customs regulations set clear limits and guidelines on how much gold can be brought into the country without attracting heavy duties or legal complications. In this blog, we’ll explain the  india customs gold limit , who it applies to, and what travelers should keep in mind before packing their precious metals. Who Regulates Gold Import into India? The import of gold into India is regulated by the Central Board of Indirect Taxes and Customs (CBIC) , under the Ministry of Finance. All passengers arriving in India from abroad are subject to customs rules, and there are specific limits for carrying gold into the country, based on various factors like res...

  In today’s globalized world, sending money across borders has become a routine activity for millions of people. Whether it’s for supporting family, paying for education, or conducting business, international money transfers—or remittances—play a vital role in the global economy.  However, these remittances are often subject to taxation, which can impact both the sender and the receiver. This blog explains Tax on Remittances , why it exists, and what you should keep in mind. What is Tax on Remittances? Tax on remittances is a government-imposed levy on funds transferred from one country to another. It serves multiple purposes, such as regulating foreign exchange, preventing money laundering, and generating revenue for the government. The tax can be collected in different ways—either as a fee on the amount transferred, a percentage collected at source (before or during the transfer), or through reporting and documentation requirements. Why Governments Impose Tax on Remittan...

  In an increasingly globalised world, income often flows across borders. For Indians working, living, or investing in the UK, taxation becomes a complex area—especially when the same income is taxable in both countries. Fortunately, the Double Taxation Avoidance Agreement (DTAA) between India and the United Kingdom helps reduce this burden. This blog explores how the  dtaa between india and uk  protects taxpayers, how it works, and what NRIs and international businesses need to know. 🌐 What is the DTAA? The Double Taxation Avoidance Agreement is a bilateral treaty designed to prevent the same income from being taxed in both countries. It provides tax relief mechanisms, allocates taxing rights between India and the UK, and promotes economic cooperation. India and the UK first signed the DTAA in 1993 , with periodic amendments to keep up with evolving tax laws and global standards, including OECD guidelines. 💼 Who Benefits from the India-UK DTAA? NRIs living in the ...

  Selling property in India as a Non-Resident Indian (NRI) involves more than just finding a buyer. One of the biggest financial aspects to manage is TDS (Tax Deducted at Source) . While Indian residents also face TDS, the rules are different—and stricter—for NRIs. In this blog, we’ll break down the essentials of TDS deduction for NRI on sale of property , and how you can navigate it efficiently. What Is TDS and Why Is It Important for NRIs? TDS is a mechanism used by the Indian government to collect tax at the source of income. When an NRI sells a property in India, the buyer is obligated to deduct tax before making the payment to the seller.  tds deduction for nri on sale of property  system ensures that taxes are collected upfront and reported properly. TDS Deduction Rates for NRIs The rate of TDS depends on how long the NRI has owned the property: ✅ Short-Term Capital Gains (STCG) Applicable if property is held for less than 24 months TDS is deducted as per...

  For Non-Resident Indians (NRIs), selling a property in India is more than just finding the right buyer and signing documents. It comes with a set of tax implications that must be handled carefully to avoid penalties, delays, or complications—especially when repatriating funds overseas. In this blog, we simplify the important aspects of NRI tax on property sale , including capital gains tax, TDS, exemptions, and repatriation rules. Understanding the Basics of Property Taxation for NRIs The Income Tax Act of India treats NRIs differently from resident Indians when it comes to selling property.  nri tax on property sale  is primarily levied on the capital gains—i.e., the profit earned from the sale of the property. However, the rules depend on how long you’ve held the asset. Capital Gains Tax: Short-Term vs Long-Term Short-Term Capital Gains (STCG) : If the property is sold within 24 months of acquisition. Taxed as per your applicable income tax slab rates . ...