RNS & Associates

It is mandatory for all NRI residents to likewise, cover government expenses for a financial year if relevant. Independent of whether they earned the cash straightforwardly or indirectly, if they are at risk, they should pay taxes on the same as long as the payment is generated in India. Any salary that is created as a piece of their investments or resources or business interests is obligated to taxes. The presence of tax laws implies that there are diverse roads to set aside some cash from expense liabilities too. If you are an NRI in search of tax-related tips, here are some that you may observe to be very helpful. 1. Section 80C NRIs can profit by putting resources into Section 80C. You can contribute as much as INR 1.5 Lacs for a financial year in Section 80C. 2. Section 80CCD You can put resources into Section 80CCD and spare extra cash on the highest point of Section 80C. In any case, NRIs can't put resources into PPF, National Savings Certificate or some o...

Most of the people wait until towards the end of season to file their taxes. It is a fine practice until you do it regularly without missing. However, the earlier you file your taxes, the better. There are around 10 million citizens each year who end up paying tax penalties. Therefore, it will save you from tax penalties if you file and pay your taxes on time every year. Now, gone are those days when filing your taxes was a difficult and tiresome job. The government has launched several new initiatives which have made it easier to get through tax filing. In this post, we are going to discuss some of the reasons as to why you should file and pay your taxes every year, and that too at the earliest. Read the complete post to know about these! 1.        To speed up the process of filing taxes It is recommended that you do not wait to file your taxes towards the end of the deadline. If you do so, it delays the processing and in turn, leads to the sl...