TDS to capital gains tax: What impact new tax Bill will have on NRIs

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NRIs are now only taxed on income sourced from India.

This aims to improve tax compliance and prevent evasion by leveraging digital footprints,” said Pallav Pradyumn Narang, partner, CNK (a legal firm).

Income from mutual funds purchased in foreign currency is subject to 20 per cent tax.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Non-Resident Indians Income Tax Bill 2025 NRIs Income Tax Bill 2025 Impact of new Income Tax Bill on Non-Resident Indians New Income Tax Bill NRI Tax NRI tax rules Tax Compliance New Income Tax Bill TDS NRIs Capital Gains

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 17:48:39 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 448 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26143846

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About Business Standard

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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