The Finance Minister presented the Union Budget 2020 on February 1, 2020. Here are the key hNew Taxighlights of the Union Budget from personal tax perspective. There have been quite a few changes this time around. Therefore, I have divided the post into 5 broad sections. Change in Income Tax SlabsChange in Mutual Fund Taxation (includes dividend taxation and … [Read more...] about Budget 2020: New Tax Slabs, Tax on Dividend, Employer Contribution to NPS/EPF And Some Mess for NRIs
Resident Foreign Currency Account
If you are a non-resident and planning to return to India, there are many questions that worry you. What about your assets acquired abroad? Can you hold them or do you have to sell those? What about your NRO, NRE and FCNR accounts and deposits? Can you continue holding such deposits or do you have to convert them to resident accounts? What will be the tax implications? And … [Read more...] about Returning NRI: What happens to your NRO, NRE and FCNR accounts?