The real estate transaction rules vary depending on whether a property is being sold to an NRI buyer in India or when an NRI sells property in India to a resident Indian. Both situations involve compliance under the Income Tax Act and the Foreign Exchange

Indian residents receiving salary, stock benefits, dividends, or capital gains from foreign entities must report such income and assets in their Income Tax Return (ITR). Key obligations include precise currency conversion using SBI TTBR, accurate disclosure in relevant ITR schedules, and adherence to international information-exchange standards for tax transparenc

Confused about being taxed in two countries? Discover how residency rules, DTAA relief, and smart planning can save you from double taxation and unnecessary stress.