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How can NRIs avoid Double Taxation?

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  • How can NRIs avoid Double Taxation?

    Sometimes NRIs can get caught in double taxation. For example, if an NRI receives any income in India, the country has the right to tax the income as the source state. But the residential country of the NRI can also tax the income as the residence state. In this case, the person may have to pay taxes twice on the same income. To avoid this, India has DTAAs signed with various countries that clearly exempt the foreign taxes paid while filing the return of income of the NRIs in their home country.

    For more information: https://www.imperialfin.com/services/nri-services/
    Financial Planner in India | Mutual Fund Advisor in India | Wealth Management Services India | Mutual Fund Investment App

  • #2
    Generally, the easiest way to deal with taxes is to pay them. But there are some exceptions. Suppose you're self-employed or an independent contractor. In that case, there are certain things you can do to avoid paying taxes on your income. To avoid some additional taxes, the best is to consult a financial advisor from https://www.mcgeewm.com/wealth-manag...ancial-advisor. They can tell you how much money you'll have left after paying all the tax bills. In this way, you save a lot of money and time.
    Last edited by Gerrtrudd; 09-06-2022, 12:04 PM.

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