Under the new framework, for remittances made on or after April 1, 2026, the provisions of the Income Tax Act, 2025 will apply, and the prescribed forms - Form No. 145 and 146 - will have to be used
Category: Spotlight
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Indian National Security Advisor Ajit Dowal meets UAE President
The meeting also addressed developments in the Middle East and their serious implications for regional and international security and stability, as well as global energy security
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NRIs must disclose source of funds, says Income Tax Department
Since PAN is required for opening demat accounts, IT officials have begun to scrutinise the ownership of demat shares. Shares bought at less than the fair value could trigger a tax demand from investors
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NRI Watch: “US President Trump’s remark on Indian immigrants in poor taste,” says Indian foreign ministry spokesman Randhir Jaiswal
In a social media post, Trump had denounced the US constitutional right to citizenship of everyone born in the country, and accused Indian immigrants in the tech industry of not hiring white native-born Americans. It also alleged that Indian immigrants lacked English proficiency
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UAE insurance company ADNIC gets licence to operate from India’s GIFT City
The UAE-based multiline regional insurance provider is expected to further expand its global footprint, while focussing on delivering reliable, tailored insurance solutions in a rapidly evolving market environment
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NRI Watch: Alhind clinches contract to provide consular outsourcing services in the UAE
The contract, awarded by the Embassy of India in Abu Dhabi, covers services including passport, visa, OCI, police clearance certificates, surrender certificates, Global Entry Program verification and related attestation support at the embassy in Abu Dhabi and the Consulate General of India in Dubai
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‘NRIs must stay connected to India through shared cultural affinity,’ says RSS General Secretary Dattatreya Hosabale
While highlighting RSS as a contributor to 'human social capital', he said the Indian right-wing outfit encouraged overseas communities to integrate fully into local societies
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NRI Watch: Real estate and tourism slump in the Middle East due to Iran-US-Israel conflict
Destinations such as Saudi Arabia, Qatar, Turkey, Oman, Jordan, Iraq, Kuwait, and the UAE, have reported a sharp decline in overseas visitors and investors
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NRI supporters of actor Vijay land in Tamil Nadu ahead of April 23 polls
Volunteers of the actor's political party, TVK, claim that over 1,000 NRIs from Abu Dhabi, Kuwait, Sharjah and Bahrain are expected to be present in the State on election day to cast their votes favouring him
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NRI loses ₹6.5 crore from bank account; Axis Bank manager arrested in Hyderabad
The NRI customer alleges that the amount was withdrawn by the bank staff themselves by forging his signature and issuing 42 loose-leaf cheques