Blog - S Lohia & Associates

Whether Foreign Income Received In India Is Taxable In India?

August 31, 2025

Background Many Indians, who live and work abroad, sometimes receive their income in relation to their work in Indian Bank Account. There may be different reasons and circumstances for receiving money into Bank Account in India. All these person hold Non-resident status in India under the Income Tax Law. Hence, the fact is that they are Non-resident (NRIs, OCIs) who earn abroad but receive their salary in Indian Bank Account. In many cases, it is beyond control of these non-residents…

Foreign Retirement Fund Accounts – Tax Implications & Relief Provisions In India

July 3, 2025

S Lohia & Associates IT Admin

NRI

Introductory – Returning NRIs, Foreign Citizens Dilemma About Tax Provisions In Relation To Their Foreign Retirement Benefit Accounts Many Indians, who after working for a number of years, wish to come back to India either to take a break or settle in India. For these Returning NRIs, PIOs, one question which keep tickling in their mind is that what will be tax implications in relation to their Retirement Funds, which they are maintaining abroad. During their work life cycle, as…

Black Money & Income Tax Act Implications – Non-Reporting of Foreign Income/Assets in ITR – Returning NRIs/OCIs, Seafarers, Residents

May 19, 2025

S Lohia & Associates IT Admin

NRI

What is the requirement of disclosing of Foreign Assets in India? Is It Applicable To NRI? As per the requirements of Indian ITR and provisions of Black Money (Undisclosed Income and Assets) and Imposition of Tax Act, 2015, every Ordinary resident is under obligation to report his/her foreign assets in Schedule FA of ITR and offer for taxation all foreign income in the ITR. NRIs/Other Non-Residents are not under obligation to report their Foreign Assets in Indian ITR. What are…

Govt of India Budget 2025 – How Does This Budget Works For NRIs, Seafarers, Other Non-Residents

February 23, 2025

S Lohia & Associates IT Admin

Budget, NRI

On Feb 1, 2025, India’s Honorable Finance Minister Smt Nirmala Sitharaman presented India’s Annual Budget. In this budget, she proposed various new tax related and other proposals. Hereunder, we have summarised some of the proposed provisions, specifically those which have an impact on Non Residents i.e. NRIs (Indian Citizen living/working abroad), Foreign Citizens (PIOs, OCIs, Others), Seafarers, and Expatriates. Changes In Tax Slabs, Tax Rates – Applicability Wrt FY 2025-26 (Year Ending March 31, 2026), AY 2026-27 Changes In Old…

India Budget 2022 Tax Amendments – What Is There In Budget For NRIs, Non-Residents (OCIs, PIOs, Expatriates), Seafarers/Merchant Navy Workers

January 31, 2022

S Lohia & Associates IT Admin

Budget, NRI

Govt of India presented its Budget 2022 proposals on February 1, 2022. Seems a new India budget as it is proposing for Drones, 5G, Digital University, Digital Currency, E-Passport, More Infrastructure, Indigenous Defence Manufacturing and many other future India proposals. There are various tax & other proposals made through this budget. Here is a brief summary of those, which will impact Non-Resident Indians ‘NRI’ (Indian Citizen living/working abroad), Foreign Citizen (PIOs, OCIs, Others), Seafarers, Expatriates. Income Tax Slabs (FY 2022-23)…

What is Annual Information Statement (AIS)

Annual Information Statement (AIS) – Impact On NRIs, Foreign Citizens, Seafarers

December 17, 2021

S Lohia & Associates IT Admin

General, NRI

What is Annual Information Statement (AIS)? Annual Information Statement is a newly launched system of Income Tax Department. AIS is an information system which informs tax payers that what Income Tax Department knows about their financial transactions in a respective year. AIS is a detailed statement, which contains various financial transactions incurred by a tax payer in a year. How does AIS impact Non Residents, NRIs? Many NRIs, Foreign Citizens do various financial transactions in India occasionally or frequently. All…

E-campaign Notices – Response On Compliance Cell – Affecting NRIs, Foreign Citizens, Seafarers – Needful To Be Done

June 1, 2021

S Lohia & Associates IT Admin

General

What is E-campaign? Does It Have A Connection With Non Residents, NRIs? Income Tax Department has recently (in FY 2020-21) launched an e-Campaign, where they are seeking voluntary compliance from those taxpayers, who are either not filing Income Tax Return or reporting their transactions in their ITR inaccurately. Under e-Campaign, Department is sending Email & SMS to such taxpayers to submit their on Non-filing of ITR, High Value Transactions. E-campaign also report transactions related to Non-residents, NRIs. What are the…

New Income Tax Portal Launch – Benefits, Impact For NRIs, OCIs, Seafarers

June 1, 2021

S Lohia & Associates IT Admin

General

New Income Tax Portal www.incometax.gov.in Launching – Easy ITR Filing In India – Fast Processing Of Refund Etc – Other Features – Benefits, Impact For NRIs, Foreign Citizens, Seafarers What Is The New Income Tax Portal? What Is Name Of New Portal? In its efforts towards making the tax procedures simplified, the Income Tax Department is launching a new e-filing portal. This will be more friendly to taxpayers. The new portal will be launched on June 7, 2021. In preparation…

Agriculture-Plantation-Farmhouse Property In India

Agriculture Property In India – Foreign Exchange Laws – NRIs, OCIs, Foreign Citizens

May 29, 2021

S Lohia & Associates IT Admin

General

Agriculture /Plantation/Farmhouse Property Purchase/Sale In India – By NRIs, OCIs, Other Foreign Citizens – Rules and Restrictions Under Foreign Exchange Laws – RBI Services Wrt Representation / Clarifications / Compounding – Delhi NCR, Mumbai, Kolkata, Hyderabad, Bangalore, Chennai, Chandigarh, Major Cities India. Can Non Residents (NRIs, OCIs, PIOs, Other Foreign Citizens) Buy or Sell Agricultrue Property In India? Lot of Non-residents (NRIs, Foreign Citizens) wish to buy an agriculture land, plantation propery or farm house in India. However, this…

Dividend Taxation Consultancy – Shares, Mutual Funds – Impact on Non-Residents (NRIs, OCIs, Foreign Companies etc)

May 7, 2021

S Lohia & Associates IT Admin

India Tax & Business

Dividend Taxation – Till FY 2019-20 Dividend is reward or incentive which a shareholder gets on the shares held by him in a company. Till the FY 2019-20, as per Indian Income Tax Law (Sec 115O), dividend was taxable in the hands of company. Company was liable to pay a tax in the name of Dividend Distribution Tax (DDT) on declaration of dividend to shareholders. Though the DDT rate was 15% (plus Surcharge 15% and Cess 4%), however, after grossing…

Excellent Job, Advising Services

We hired Mr. Lohia to file our taxes for the sale of our ancestral property. Mr. Lohia and his team did an excellent job, advising us along the way, helping us obtain the necessary documents and filing the taxes accurately and within the deadline. We found Mr. Lohia to be courteous, professional and highly trustworthy. He has thorough knowledge of the field and provided us with great advice on multiple occasions. His worth ethic is praiseworthy. We are very satisfied with his service and would certainly hire him again. We strongly recommend him to others.

Sujata Syam - Canada

Excellent Guidance and Resolved My Tax Issues

Mr.Sulabh Lohia and his team( Nidhi) are very professional and competent in providing tax related services. As an NRI client , for the last 2 years , they have provided me with excellent guidance and also resolved my tax related issues. I am extremely happy to have found a dependable CA firm that’s honest, approachable and easy to work with. Highly recommended!

Runky Rath - USA

Inc Tax Dept Notice Incredible Service

I received a notice from the Income Tax department and Sulabh, Nidhi and their team were incredible with how they addressed the issue and met tight deadlines. I greatly recommend them to any NRIs / OCIs looking for help with their tax matters.

Sangeeta Mahajan - Australia

Interacted For NRI Tax Services – Found Sulabh Very Approachable

I have interacted for NRI tax services and I found Sulabh very approachable. He was there to answer all my questions and guide me in right direction. I was even worried about data I am sharing which was handled very professionally. Thank you for helping me this year, this is just beginning of relationship.

Umesh Adlakha - Singapore - Oct 2021

Using Their Services As NRI – Wholeheartedly Recommend Their Services

I have used their services as a NRI and I wholeheartedly recommend their services. Extremely capable, professional, efficient and responsive – and really nice guys to interact with. I will definitely be coming back to them whenever a need arises – will look no further.

Sayan Ghosh, Australia - Oct 2021

I Am Glad That I Found Highly Skilled And Responsive Team

Sulabh & his team is very knowledgeable and show attention to details. They go extra mile to ensure the work is of highest quality. Sulabh himself is very humble and takes time to explain processes, available options etc. I am glad that I found highly skilled and responsive team for my work.

Aseem Anand, Oregon, USA

Looking For An Expert In International Taxation, Look No Further

S Lohia & Associates prepared the Indian personal income tax for my father in law, who has to file in two other countries as well. I found the consultants to be very knowledgeable and thorough, taking the time to discuss with me the larger and smaller questions influencing how to best treat the incomes. If you are looking for an expert in international taxation, look no further.

Markus Biehl, Canada/USA - Oct 5, 2021

Will Be Using The Firm again and again

Very professional firm, Lohia ji kept us updated at each stage of the process. Highly recommend. I was up against a deadline and I was grateful that my works was done just before the tight deadline. Will be using the firm again

Ashish Sutarwala, Hampshire, United Kingdom

My full support and recommendation is absolute!

My interactions with Mr Lohia have been great! Apart from being thoroughly knowledgeable and professional, he has been very responsive. He made the time to speak to me, almost immediately, personally, when i was concerned regarding certain issues. In current times, such a high level of personal attention and detail is very rare. My full support and recommendation is absolute!

Sikander Bhana

Many thanks to everyone at the firm for being so great

Sulabh and team are exceptional, when it comes to managing customer experience. Th team is knowledgeable and very very responsive. I had a very smooth experience and their fees are extremely reasonable too. If you have any needs around foreign remittances, this is the place to go. Many thanks to everyone at the firm for being so great.

Gurpreet Randhawa

I would recommend Sulabh and team

Sulabh and team helped us with filing Form13 to lower our TDS as we were NRIs selling a property. The service was exceptional. We received the Income Certificate within 2-3 weeks as promised by Sulabh. The initial consultation with him was very educative as it helped us the understand the complete process. The back and forth communication was prompt and timely. I would recommend Sulabh and team to all my friends and family as well.

Sachin Shankar

I will be using his services in future

Sulabh Provides really great service. He helped me get NIL TDS certificate. He provided all the support starting from documentation until getting TDS certificate. He was always available for any queries. I will be using his services in future