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Q: I have been staying in Brussels for work since 1st April 2017 and will be travelling to India on 11th November 2018, I will be travelling back to Hungary for work by 31st January 2019. I need to know if i will be considered NRI or Resident for tax purpose for current financial year?

A: Your taxability in India depends on what your NRI status is for the current financial year. Any Indian citizen who leaves the country for a job or to serve as crew in an Indian ship for more than...

Q: Can I Bring Sony PS4 Pro from Australia To India.. In Australia it's cost around 529AUD In India it's around 38,000 INR

A: The electronic items which included products such as mobile phones, microwave ovens, electricity meters, video recording devices, and digital cameras, lamps and lighting fixtures which are imported...

Q: I am planning to take the desktop monitor to India. Did I need to pay tax for it?

A: The electronic items which included products such as mobile phones, microwave ovens, electricity meters, video recording devices, and digital cameras, lamps and lighting fixtures which are imported...

Q: I am on a visit visa to NewZealand & Australia. Can I bring a camera worth Rs 35000 without paying any duty?

A: The Customs or Import duty tax charged on certain goods which are brought into a coun... for Electronics camera to New Zealand is classified under Cameras, Audio & Video(cdf categories). The taxA...

Q: Im an Indian resident travelling to US for 2 weeks. Im planning to buy a Graphics card and a storage drive from there which will be valued at 40,000 INR (in total). Will these count under the 45,000 INR duty-free allowance or will i have to pay any import duty at the airport? If yes, then how much.

A: Graphics cards may be set under the basic extravagance things as its an additional favorable position to the Computers you buy. PCs additionally accompany coordinated and committed cards introduced...

Q: How can i take my car to India . And bring back to UAE after my vacation

A: Rules for Importing a used car to India There are various situations where importing of used cars to India is considered to be the most favorable option such as when a Non-Resident India plans...

Q: Hello: I am OCI (USA citizen) working in India. I am a software pro working for a USA company and working from India.(telecommute). My Indian tax status is now :Resident Indian. Was in India since last 4 years. I also do taxes in USA since my job is in USA.(W2). Last year, 2017, I sold stocks in my USA stock account and got some gains(long term gains) So it this stock sale income taxable in India? Gains were from Long term. Held stocks from mpre than 3 years. Any advise/help appreciated. Thanks

A: Income Tax laws in India specify that immovable property held for more than 36 months – or 3 years – before sale, fall under long-term capital gains. For stocks, shares and bonds, this period is...

Q: am from Chennai-India wanted to buy a used Car from Australia, am I allowed to import used car , how much custom duty to paid at chennai for car bought for 10,000 Aus Dollars

A: To know the complete information on custom duties of used cars refer the article https://www.videshi.com/nri-information/custom-duty-on-used-imported-cars-in-india

Q: How can I bring a ps4 from Dubai to India without paying any custom tax?

A: You may not need to pay any custom duties and taxes if you will hand-carry the item. It may be hassles but is the best way to save.

Q: At duty free shops in Arrival hall in India how the payment mode does in INR?? Can I pay 50000 through my card in terms of Rupees.?

A: “In view of the Foreign Trade (Exemption in application of Rules in certain cases) Order 2017 and clarification of RBI, it has been decided to extend the facility of payments in Indian rupees,...