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The Laffer Curve is a theory that states lower tax rates boost economic growth. The Laffer Curve describes how changes in tax rates affect government revenues in two ways. One is immediate, which [...]

An NRI is required to furnish his return of income if his total taxable income exceeds the maximum amount which is not taxable. As per the income-tax laws, a NRI is not required to furnish return [...]

The actual tax liability for the year as against the TDS deducted from income credited to NRI could be lower for different reasons, to name a few: Income up to the basic exemption limit, [...]

Equity shares are treated as short-term capital assets if they have been held for less than 365 days. The shares held for more than 365 days then they qualify as long-term capital assets. [...]

For NRE accounts: Transfer of funds from an NRE is freely permitted, subject to payment of taxes, as applicable. For NRO accounts: Transfer of funds is permitted within the overall ceiling of USD [...]