Understanding DTAA in India: Benefits for NRIs, Residents & Foreign Companies
Double taxation is a frequent concern in cross-border situations. When income is taxed both in the country where it is earned (source country) and again in the country where the person or company is resident, it results in unnecessary tax burden. To avoid this, countries enter into DTAA – Double Taxation Avoidance Agreements. This article […]
The New Framework for NRI Repatriation: Introduction of Form 145 & Form 146
The Income Tax Department has introduced a revised compliance framework for foreign remittances, replacing Form 15CA and Form 15CB with Form 145 and Form 146. This development represents a structural upgrade aimed at enhancing digital compliance, transparency, and traceability in outward remittances made by Non-Resident Indians (NRIs). This framework is particularly significant for NRIs repatriating […]