Tag Archives: #NRIFinancialPlanning

Which ITR file for NRI?

ITR file for NRI

ITR Form for NRI   ITR Form for NRI (Non-Resident Indians), the Income Tax Return (ITR) form to be filed depends on the nature and source of income earned in India. Here are the common ITR forms applicable to NRIs: 1. ITR-2: This form is applicable if you have income from salary, more than one… Read More »

a person who is settled abroad can receive money from their parents in India without having to pay taxes on it?

Funds taxability from Indian parents for NRI

Funds Taxability from Indian parents for NRI Funds taxability from Indian parents for NRI, As per the income tax rules in India, individuals residing abroad can receive money from their parents living in India without being liable for taxes, given certain conditions are met. Under the provisions of the Income Tax Act, 1961, gifts received… Read More »