Foreign Company: Definition and Tax Provisions According to Section 2(23A) of the Income-tax Act, a "foreign company" refers to any company that is not classified as a domestic company.…
Tax-Exempt Incomes for Non-Resident Indians (NRIs) The following incomes are exempt from tax for Non-Resident Indians (NRIs) under various sections of the Income-tax Act, 1961: Section 10(4B): Interest on notified…
Capital Gains on Transfer of Foreign Exchange Assets: Exemption Under Section 115F Section 115F: Overview Section 115F of the Income-tax Act provides exemptions for Non-Resident Indians (NRIs) on long-term capital…