Recent news & event
Buying property from an NRI seller in India? The TDS rules are meaningfully different from a resident-to-resident sale, and getting them wrong falls on you as the buyer, not the seller. Quick Summary When the seller is an NRI, the buyer must deduct TDS under Section 195, at a materially higher rate than the standard…
Grandparents offering to help with a down payment, tuition, or a lump sum gift? Whether it’s taxable depends on exactly who is giving it and how it’s structured. Here’s what NRIs should check before accepting. Quick Summary Gifts from grandparents generally qualify as gifts from “relatives” under Indian tax law, which are exempt from tax…
Thinking about selling property you own in India while living abroad? Here’s what actually happens with taxes, TDS, and getting the money back to your country of residence. Quick Summary Capital gains on the sale are taxable in India — long-term (property held over 2 years) and short-term rates differ significantly, and exemptions may apply…
Does moving abroad end your Indian tax obligations? No. Here’s when NRIs need to file an Indian income tax return, and what’s commonly missed. Quick Summary NRIs with India-sourced income — rent, capital gains, interest — generally must file an Indian ITR, regardless of tax residency abroad. Filing can also help recover excess TDS withheld…
US citizens and Green Card holders must keep filing US taxes even after moving assets or income through India — here’s what that actually involves. Quick Summary US citizens/Green Card holders file Form 1040 annually regardless of where they live. Foreign financial accounts (including Indian NRE/NRO/FD accounts) may trigger FBAR (FinCEN 114) and FATCA (Form…
Have an Indian NRE, NRO, or fixed deposit account and hold US tax status? You may have an FBAR filing obligation you don’t know about. Here’s the general shape of it. Quick Summary FBAR (FinCEN Form 114) applies to US persons (citizens, Green Card holders, and certain residents) with foreign financial accounts whose aggregate balance…
