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Income tax department

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Trump, firms paid USD 750 in taxes in US, USD 145,000 in India in 2017: Media reports

United States President Donald Trump reportedly paid just USD 750 in federal income taxes in the year he was elected, according to a media...

USA

Lockdown period won't count towards NRIs', foreigners' residency status for tax purposes, says Indian government

In a major relief to Non-resident Indians (NRIs) stuck in India, the Finance Ministry today relaxed the norm for determining the residency...

Global

Indian government to post customs officers in consulates to check money laundering

The Indian government has announced plans for posting customs sleuths in London, Hong Kong, Dubai and Brussels to regulate trade-based money...

Global

No need for NRIs to disclose foreign directorships in tax returns: Indian tax authority

India’s tax authority clarified that non-resident Indians (NRIs) and foreign citizens who are required to file income tax returns in India...

Global

India Tax: All you need to know as an NRI ahead of August 31 filing deadline

If you have not filed your India tax return for the financial year 2018-19, you still can file it without payment of any penal fees as the...

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