Dear Readers, I hope you are doing well. A recent ruling by the Bangalore ITAT in the case of Pradeep Narasimhan provides important clarity on tax residency and applicability of tie-breaker provisions under the India-Kazakhstan DTAA. The Tribunal deleted the addition of Rs. 71.60 lakhs

In an increasingly interconnected global economy, financial transparency has become a cornerstone of responsible governance and international cooperation. To strengthen this framework, the Income Tax Department has highlighted the significance of the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA)—two global

Dear Readers, The determination of an individual’s residential status under Indian tax law often becomes a contentious issue, especially in an era where global mobility and cross-border employment are increasingly common. Section 6 of the Income-tax Act, 1961 lays down a clear, quantitative framework for

Dear Readers, The subject of Goods and Services Tax (GST) is often seen as complex, more so when it intersects with cross-border situations like property rentals from Non-Resident Indians (NRIs). In practice, taxpayers, professionals, and even administrators frequently encounter doubts on how liability should be

Dear Readers, I hope you are doing well! This article provides an overview of the rules and regulations governing the repatriation of funds from India. It explains in detail the procedures and legal compliances under the Foreign Exchange Management Act (FEMA) that apply in relation

Dear Readers, I hope you are doing well! In this article, I have given brief note on the various bank accounts which can be used by Non Resident Indians / returning Indians. Hope you will find this useful.   Warm regards,Samir Mahajan   BACKGROUND: In