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For Non-Resident Indians (NRIs), managing the complexities of international tax laws can often feel like walking on a tightrope. One of the most significant challenges faced by NRIs is claiming Foreign Tax Credit (FTC)—a mechanism designed to prevent double taxation on the same income. However, procedural complexities and strict timelines can make this process daunting. […]
Read moreThe Reserve Bank of India (RBI) has extended the deadline for filing the Foreign Liabilities and Assets (FLA) Return for the financial year 2023-2024 to July 31, 2024. This extension offers a crucial reprieve for entities dealing with foreign investments, ensuring they have adequate time to comply with regulatory requirements. As a top NRI tax […]
Read moreNon-resident Indians (NRIs) often find themselves juggling complex tax obligations across multiple jurisdictions. Managing these tax compliance can be challenging without expert guidance. As Laabdhi, your trusted NRI tax consultants, we are here to simplify these complexities and ensure you remain compliant with all relevant tax laws. Key Tax Provisions You Should Know Section 5(2) […]
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