The Income Tax Department’s methods for levying, managing, collecting, and recovering taxes are governed by the Income Tax Act of 1961. With effect from April 1, 1962, it consists of 23 chapters, 298 ...

An Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is ...

Let's understand the paper work required to open an NRO account for non-resident Indians ... Also, foreign citizens of Indian origin having a valid PIO card can open the NRO account.