Taxation Policy for NRIs

NRIs have to pay tax in India on capital gains from shares, mutual funds, term deposits, and property rentals even if their income earned abroad is not taxable. Taxation is a crucial element of the Indian economy. Services and products availed by Indian citizens are taxed in various ways. Consumption taxes are meant to make products and services more attractive to consumers. Tax deducted at source, income tax, service tax, and property tax are some of the common forms of taxation that most Indians are familiar with. Taxation in India affects people who are not residents of India, but are […]