They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

NRIs can e-verify their return using Net Banking, or by generating an Electronic Verification Code (EVC) through a ...

Taxpayers deriving gains from transfer of “capital assets” are subjected to capital gains tax in India in accordance with the provisions of the Income Tax Act, 1961 (‘IT Act’). Generally ...

Non-Resident Indians (NRIs) earning income from Indian sources must file their Income Tax Returns (ITR) in specific cases, with the deadline for FY 2024–25 set for July 31, 2025. Filing the ...

Capital gains tax is calculated as per the seller’s/individual’s income tax slab rates Long Term Capital Gains Tax Duration of holding a property from the date of ownership is more than 2 years ...

With India’s tax laws tightening around retirement products, high-income earners must rethink their strategies. From capital ...

The Income Tax Bill, 2025, introduces significant changes impacting Non-Resident Indians (NRIs) and foreign companies. These updates clarify tax liabilities, introduce exemptions, and outline ...

India is planning changes to its capital gains tax structure in the next budget, seeking to bring parity among tax rates and holding periods for investments across equity, debt and immovable property.

Long-term capital gains, on the other hand, are profits from the sale of an asset held for more than a year. The tax amounts for short-term and long-term capital gains can be different. 2. How can ...

India is preparing an overhaul of its direct tax laws to replace a byzantine matrix of rules and help Prime Minister Narendra Modi reduce income inequality if he returns to power next year ...

India's income tax department on Tuesday denied that there was a proposal to increase capital gains tax for top earners after Bloomberg News reported the country was reworking its direct tax laws.