NRI Tax Alert: A Crucial Guide for Non-Resident Indians

NRI Tax Alert: A Crucial Guide for Non-Resident Indians

More and more Non-Resident Indians (NRIs) are finding themselves in an unexpected predicament: receiving income tax notices from Indian authorities, despite rarely setting foot in India. This surge in notices is a direct result of the Indian Income Tax Department’s sophisticated new arsenal, including AI, big data analytics, and global financial reporting tools, enabling unprecedented … Read more

TDS on Rent in India: Navigating Form 26QC and Avoiding Penalties

TDS on Rent in India: Navigating Form 26QC and Avoiding Penalties

It’s easy to overlook, but a simple TDS (Tax Deducted at Source) mistake cost one tenant a hefty Rs 1 lakh fine, even though he was regularly paying Rs 55,000 in monthly rent. This serves as a crucial reminder for anyone renting property in India. The Costly Oversight Abhishek, a tenant, found himself in hot … Read more