Introduction: Infrastructure Investment Trusts (InvITs) have become instrumental in shaping India’s investment landscape, providing a unique avenue for investors to participate in the country’s infrastructure development. Understanding InvITs:  Infrastructure Investment Trusts represent a significant evolution in India’s financial framework. These regulated investment tools, overseen by the Securities and Exchange Board of India (SEBI), serve as conduits for pooling funds from various investors. The purpose is twofold: to provide investors with stable returns and capital appreciation whil ..read more

 Tata Technologies Ltd  stands at the forefront of global engineering services, renowned for its comprehensive offerings in product development and digital solutions. Established on August 22, 1994, and promoted by Tata Motors Ltd, the company has evolved into a powerhouse in the industry, delivering turnkey solutions to global Original Equipment Manufacturers (OEMs) and their Tier-1 suppliers. Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice With a focal point ..read more

Cello World Limited is a prominent player in India’s consumerware market, with a diverse presence in consumer houseware, writing instruments and stationery, moulded furniture and allied products, and consumer glassware categories. Established in 2018, the company carries a legacy of innovation dating back to 1962. It’s rich heritage spans over six decades, marked by continuous innovation and adaptation to consumer needs. The company’s founders have strategically diversified the product range and brand portfolio, staying ahead of market trends and consumer demands. Click here to be a part of m ..read more

JSW Infrastructure Limited, founded on April 21, 2006, has rapidly emerged as a dynamic leader in India’s port-related infrastructure sector. Over the span of Fiscal 2021 to Fiscal 2023, it achieved remarkable growth in both installed cargo handling capacity and cargo volumes, making it the second-largest commercial port operator in India by capacity in Fiscal 2023. The company’s extensive operations expanded from a single Port Concession in Mormugao, Goa, to an impressive portfolio of nine Port Concessions across India by June 30, 2023, solidifying its status as a diversified maritime ports c ..read more

In this article, we’ll examine the effects of presents given by NRIs to Indian residents and vice versa. It is essential to comprehend the gift tax legislation and its exemptions before making any presents. Let’s get started and find out more about the NRI gift tax in India. Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Understanding the Gift Tax Law in IndiaThe Income Tax Act in India regulates the gift tax laws. All donations, whether made in the form of cash, prope ..read more

Despite the fact that NRIs are not taxed in India on their foreign income, they are required to file tax returns if they receive any interest income from NRO bank savings accounts or NRO fixed deposits, Rental income from property located in India or Capital gains by selling assets or shares, mutual fund units, and any other dividend income, Business income and consultation income from India. These incomes are irregular, hence NRIs are not usually required to file taxes every year. Recently many NRIs were unable to file income tax returns due to their inoperative PANs. Are you one among those ..read more

Filing tax returns is a necessary obligation for individuals and businesses alike. The process can be complex and time-consuming, involving multiple forms and detailed financial information. Fortunately, advancements in technology have paved the way for significant improvements in various sectors, including tax return filing. One such technological marvel is the Automated Income Tax Filing System, commonly known as AIS. In this comprehensive guide, we will explore the world of AIS, discussing its role in streamlining tax return filing and understanding its benefits. Click here to be a part of ..read more

Inheriting property is not so complex if you are a resident Indian but on the other hand, if you are an NRI, inheriting property in India is a tangled process that requires professional help as the inheritance law for NRIs is quite different and complicated from the inheritance law governing the resident Indians. Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Any Non-Resident Indian (NRI), Person of Indian origin (PIO), or even a foreign national can inherit any resi ..read more

Understanding your residency status as an NRI and how it affects your tax liability is essential. In this article, we’ll discuss the significance of filing income taxes as an NRI, how to calculate your tax burden, important factors to keep in mind while submitting ITR, the advantages of doing so frequently, requirement of tax filing, and typical mistakes to avoid for NRIs. Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Understanding the NRI Residential Status Underst ..read more

In the Union Budget 2023, Nirmala Sitharaman, the Finance Minister of India proposed a few changes to the Tax Collected at Source (TCS) rates which will affect forex transactions and outward remittances made under Liberalized Remittance Scheme (LRS) from July 1st, 2023. Let us understand the term Forex transactions and LRS first. What are Forex Transactions? Forex transactions are converting the Indian rupee to foreign currency and transferring or remitting outside India for any personal or business purpose or for both. What is Liberalized Remittance Scheme? Under the LRS scheme, a resident ..read more