How to Avoid Taxes While Availing NRI Services in Jaipur?
NRIs often hesitate to invest in India because of one major concern — taxation. Some completely avoid Indian investments, fearing tax complications, while others invest without knowing there are legit ways to reduce or avoid double taxation. If you are either of them, you are at the right place. How Can NRIs Avoid Taxes? Let’s simplify how NRIs can smartly plan their finances and avoid paying extra taxes while using NRI services in Jaipur , so you can save some money. 1. Understand Your Residential Status Before you start planning taxes, it’s important to know your residential status as per the Income Tax Act, 1961. You are considered an NRI (Non-Resident Indian) if you: ● Stay in India for less than 182 days during a financial year, or ● Stay for less than 60 days in the current year and less than 365 days in the previous four years. Your residential status determines which income is taxable in India and which is not. 2. Know What In...