January 24, 2022

T6: RENTAL INCOME CALC. – INDIA vs. USA

Rental Income Calculation in the USAGross Rental Income: This is the total rent received from tenants before any expenses.Operating Expenses: Deduct all related expenses such as:AdvertisementTravelCommissionsManagement feesRepairs and maintenanceUtilitiesProperty taxesInsuranceDepreciation…

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January 24, 2022

India Taxes

T5: GIFTS TO AND FROM NRI – TAXABILITY

Taxation of Gifts Involving NRIs From a taxation perspective in India, any money or property received without consideration or with inadequate consideration can be considered a gift and taxed in…

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January 24, 2022

India Taxes

T4: TAX RATES IN INDIA, INDIVIDUALs & CORPORATE

Corporate and Personal Tax Rates for NRIsCorporate Tax RatesFor Foreign Companies:Base Rate: The corporate tax rate for foreign companies is 40%.Effective Rate: Often lower due to available deductions and exemptions.Tax…

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January 24, 2022