Form 15CA and 15CB Explained for NRIs
If you’re sending money outside India or receiving it from abroad, there’s a good chance someone has mentioned Form 15CA and 15CB. And if you’ve stared at those terms and felt a wave of confusion, you’re not alone. These two forms trip up a lot of NRIs, returning Indians, and even businesses making foreign remittances. […]
Tax implications on NRIs receiving gifts in India
Imagine your parents in Pune decide to send you ₹10 lakh as a wedding anniversary gift while you’re settled in Canada. Or perhaps your grandmother wants to transfer some inherited property to you. The money arrives in your NRO account, and suddenly you’re wondering is this taxable? Do I need to declare it? Will the […]
Income Tax Return in India for NRI
If you moved abroad a few years ago or even just last year, you might assume India’s income tax system no longer concerns you. But here’s the reality: if you earned any income from Indian sources, hold property back home, or crossed certain income thresholds, you are still required to file an ITR for NRI […]
Send Money from India to Canada Tax-Free: What NRIs Are Doing Differently
If you have family in Canada, are paying tuition for a child abroad, or want to transfer proceeds from a property sale in India, you’ve probably asked yourself: ” How do I send money from India to Canada tax-free? The good news is that it’s absolutely possible, as long as you understand the rules set […]