Tag Archives: #OverseasIncome

Expat tax laws in India?

Expat tax laws in India

Expat tax laws in India   Introduction With the rise of globalization and cross-border employment, India has become a popular destination for expatriates (expats) working in various sectors. While India offers immense opportunities for expats, understanding and complying with its complex tax laws is crucial for avoiding legal issues and optimizing tax liability. Expat tax… 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 »