foreign income

Such income must be disclosed in Schedule FA (Foreign Assets) and Schedule FSI (Foreign Source Income). Failing to do so may trigger scrutiny under the Black Money Act. As you …

Freelancing is a growing pillar of India’s digital economy, especially in the cross-border gig space. Many professionals now offer services—design, tech, consultancy, writing—to clients based overseas. But as the work …

A recent Income Tax Appellate Tribunal (ITAT) ruling declared Mahadevan a tax resident of India for financial years 2012-13, 2013-14, and 2018-19, thereby making his global income taxable in India—despite …

Q. I have been an NRI for the past 24 years. I have some NRE and FCNR deposits which will mature after 1-April-2026. If I come back to India in …

Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs) issued by foreign companies have increasingly become part of compensation packages for Indian professionals. Yet, navigating the intricacies of reporting such …