NRI Strategic Consultants

05/06/2025

India’s Registration Bill 2025 Set to Digitise Property Records, Curb Fraud, Link Aadhaar, Mandate Online Agreements, and Revolutionise Real Estate with Transparent, Secure Transactions

In a landmark move, the Government of India has introduced the Registration Bill 2025, marking a monumental shift in the country's real estate sector. This reform replaces a century-old framework and is set to drastically reduce property fraud, streamline ownership verification, and bring much-neede...

29/05/2025

https://nri-consultants.com/india-cracks-down-on-treaty-shopping-tax-authorities-demand-proof-of-substance-ownership-and-control-from-foreign-investors-using-low-tax-jurisdictions-like-mauritius-and-singapore/

Dear Readers, I hope you are in good health and high spirits! This article highlights a significant shift in India’s tax enforcement landscape. As reported by CNBC-TV18, the Income Tax Department is intensifying its scrutiny of foreign investments routed through jurisdictions like Mauritius, Singa...

31/03/2025

NRIs have multiple investment opportunities, from NRE, NRO, and FCNR accounts to mutual funds, equities, and real estate. GIFT City offers a tax-efficient, hassle-free way for NRIs to invest in global financial products without currency conversion issues. It provides access to portfolio management services, alternative investment funds, and feeder funds, though minimum investment thresholds currently apply. Regulatory discussions aim to expand retail access, making it an evolving landscape for NRI wealth management. To know more , tap the link below.

https://nri-consultants.com/next-gen-wealth-strategies-cutting-edge-investment-paradigms-for-nris-leveraging-ai-enhanced-asset-diversification-blockchain-backed-securities-and-high-yield-financial-instruments-in-global-market/

Dear Readers, Navigating the evolving investment landscape can be both exciting and complex for Non-Resident Indians (NRIs). From traditional options like Fixed Deposits and Mutual Funds to sophisticated vehicles such as Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), th...

31/03/2025

The Finance Minister clarified that IT officials do not have unrestricted access to taxpayers' emails, social media, or bank accounts. However, under Section 132 of the IT Act, 1961, and the proposed Section 247(1)(ii) in the Income Tax Bill, 2025, officials can inspect digital records during search operations. If a taxpayer is uncooperative, access restrictions may be overridden. This move strengthens tax compliance but raises concerns over digital privacy. To know more , tap the link below.

https://nri-consultants.com/income-tax-authorities-granted-enhanced-powers-to-access-digital-assets-of-non-compliant-taxpayers-under-it-act-proposed-2025-bill-aiming-to-strengthen-compliance-while-raising-data-privacy-con/

Dear Readers, I hope you are in good health and high spirits! This article highlights the evolving authority of the Income Tax Department in accessing digital records during search operations. Under Section 132 of the Income Tax Act, 1961, and the proposed Section 247(1)(ii) of the Income Tax Bill,....

13/03/2025

The latest Income Tax amendment introduces cutting-edge technologies like digital forensics, encryption-decryption techniques, and AI-driven surveillance to enhance tax oversight and combat evasion. These advancements enable authorities to analyze financial data more effectively, detect suspicious transactions, and improve compliance enforcement. While these measures strengthen fiscal transparency, they also raise concerns about data privacy and regulatory boundaries, emphasizing the need for a balanced approach that ensures both accountability and individual rights protection . TO KNOW MORE TAP THE LINK BELOW

https://nri-consultants.com/revolutionizing-fiscal-oversight-income-tax-amendment-integrates-advanced-digital-forensics-encryption-decryption-and-ai-driven-surveillance-to-combat-tax-evasion-while-navigating-privacy-concerns/

13/03/2025

The Mumbai ITAT ruled that the assessment orders for AY 2018-19 were invalid due to the Assessing Officer's lack of authority to assess undisclosed foreign assets under the Black Money Act (BMA), 2015. The ITAT highlighted procedural flaws, noting that the AO's actions contradicted earlier notices and failed to follow the correct legal process. This decision emphasizes the importance of adhering to the BMA and Income Tax Act's provisions, urging taxpayers and professionals to maintain accurate records and stay informed about compliance timelines to avoid jurisdictional errors in tax assessments.To know more, tap the link below.

https://nri-consultants.com/the-authority-dilemma-itats-pivotal-decision-on-tax-jurisdiction-2/

ITATRuling

13/03/2025

ndia’s Enforcement Directorate (ED) and Income Tax Department (ITD) are collaborating to address black money and undisclosed foreign assets among High Net-Worth Individuals (HNIs). The ED is investigating violations of the Foreign Exchange Management Act (FEMA) related to offshore properties, while the ITD is focusing on undisclosed foreign bank accounts and assets under the Black Money Act. These coordinated efforts, backed by the Prevention of Money Laundering Act (PMLA), aim to uncover concealed wealth and generate additional revenue for the country through stringent enforcement and penalties. To know more, tap the link below.

https://nri-consultants.com/unveiling-hidden-wealth-the-collaborative-efforts-of-the-enforcement-directorate-and-income-tax-department-in-tackling-black-money-and-undisclosed-foreign-assets/l

13/03/2025

he Kolkata ITAT set aside an assessment under the Black Money Act, 2015 for the assessee, who was accused of holding undisclosed foreign assets based on unverified information from Swiss authorities. The assessee argued that the bank account documents were uncertified, unauthenticated, and incomplete. The ITAT agreed, noting that the documents were not properly certified, and the Assessing Officer failed to investigate their authenticity. As a result, the ITAT ruled that there was insufficient evidence to prove the assessee’s beneficial ownership of the foreign accounts, thus canceling the addition under the Black Money Act.

https://nri-consultants.com/kolkata-itat-set-aside-assessment-order-under-black-money-assessee-not-the-beneficial-owner-in-respect-of-uncertified-bank-statements/

13/03/2025

Contact us now for selling property in India – let us navigate the complexities for you! 💼🌍

13/03/2025

Contact us today for expert guidance on Business setup assistance , we will navigate the process with precision and care.

13/03/2025

Contact us today for expert guidance on Investment in India – we will navigate the process with precision and care.

13/03/2025

Contact us today for expert guidance on Double Taxation Avoidance Agreement (DTAA) – we will navigate the process with precision and care.