For Non-Resident Indians (NRIs) receiving income from dividends in India is taxable. Dividends earned from investments in Indian companies are subject to taxation. You can call us for more details.
In India, dividends are typically taxed at the hands of the company distributing them through Dividend Distribution Tax (DDT). However, for NRIs, dividends are taxed at the individual level. The applicable tax rates on dividend income vary based on the type of dividend and the residency status of the NRI.
Engaging with NRI tax consultants becomes important in optimizing the taxation of dividend income. Our Professionals can guide NRIs on tax-efficient investment strategies, compliance with Indian tax laws, and the utilization of available exemptions to enhance overall financial outcomes.
Non-Resident Indians (NRIs) involved in the repurchase of foreign assets need to be aware of the taxation implications surrounding such transactions. The repurchase or sale of foreign assets by NRIs can attract capital gains tax in India, and understanding the particulars of this taxation is imperative for effective financial planning.
The gains arising from the repurchase of foreign assets are categorized as capital gains and taxed accordingly. Short-term capital gains (assets held for less than 24 months) and long-term capital gains (assets held for 24 months or more) are subject to different tax rates. NRIs can explore indexation benefits for long-term capital gains to account for inflation.
Double Taxation Avoidance Agreements (DTAA) play a key role in determining the tax liability on capital gains for NRIs.
Non-Resident Indians (NRIs) receiving social security benefits need to be aware of the taxation suggestions on such income. Social security benefits can include pensions, disability benefits, and other forms of financial support provided by foreign governments. The taxation of these benefits depends on various factors, including the nature of the benefits and any applicable Double Taxation Avoidance Agreements (DTAA).
NRIs should carefully examine the tax regulations in both their country of residence and India to determine the most favorable tax treatment for their social security benefits.
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