Category: Uncategorized
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Should NRI buy non-INR life insurance policies outside India?
On a routine basis, as part of my advisory work with NRI clients, I see NRIs holding overseas policies from insurers like Zurich, Metlife, LIC International etc. These may be pure term policies or investment-cum-insurance policies. As a matter of my due diligence, I ask for and review the policy wordings because as they say,…
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India-US Tax Implications on cross-border “gift” transactions
Last Updated – October 11, 2025 As you may be aware, unlike India, in the US, there is something known as “estate tax”. That means, any property devolving on the heirs on death carries a tax that needs to be paid from the estate. To evade this tax, people used to gift assets during their…
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Tax Implications on Money Transfer between NRI and Resident
A very common query I come across of NRI’s settled outside is regarding the India tax implication of the transfer of money – to the NRI as well as the person to whom transfer is made. Today, I will be clarifying on this aspect using different scenarios. First things first: Clarify on the nature of…
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Foreign company deputing employees to India: Possible tax issues
Many foreign companies set up business in India through a wholly owned subsidiary structure. The foreign company generally also provides an initial set up support to the subsidiary staff by deputing its employees to such subsidiary for a definite period. Simple as it seems, this arrangement can bring a host of tax complications. In this…
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Taxation of foreign companies in India: An Overview
Given the India story, the question amongst the foreign companies is not “Why India” but “Why not India” – and hence we see that almost every multinational has a presence in India in some or other form This brings us to the question of taxation – how will a foreign company be taxed in India?…
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NRI Tax Return Filing Mistakes & How to Avoid Them
Tax return filing is not a complex work. It requires you to have a “fair” (not expert) understanding of tax laws applicable to you, your residential status for the year, any new changes brought about by the Finance Act etc. Also, my view is that an NRI with no taxable income should also keep filing…
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Taxability of salary received by an NRI seafarer in India
Seafarers are a category of professionals who face a lot of challenges regarding taxability of income, because of the nature of their work that requires them to be in international waters for a significant period of time and as a result, makes them classified as a non-resident as per the Indian tax residency rules (Also…
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NRO, NRE, FCNR, RFC: Tax and FEMA Implications for Returning NRI
For an NRI it is a pain to understand the tax nuances for non-resident accounts. Situation becomes more troublesome when he returns to India as the taxation differs as per the residential status. In this post, I am offering a detailed overview of tax and FEMA compliances and implications on various accounts. Also, as far…
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Taxation of UK pension in India
There’s a good chance that an NRI returning from UK has an accumulated pension in UK and there’s a need to understand tax and associated implications on that particular income in India to be compliant with the Indian laws. In this post, I will be sharing insights on taxation of UK pensions in India as…