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Form 15G

Form 15G can be submitted by non-senior citizens i.e. (individuals who are less than 60 years of age)
1.The final tax on his estimated total income computed as per the provisions of the Income Tax Act should be nil
2.The aggregate of the interest & other incomes received during the financial year should not exceed the basic exemption limit as per the prevalent Income Tax Slabs.

When should NRIs file India tax returns?

July 31st is the last date for filing your Indian income tax returns for the financial year 2012-2013. If you are a Non Resident Indian (NRI) and are trying to figure out if you need to file a tax return in India, this guide will help you.

MORE http://articles.economictimes.indiatimes.com/2013-07-13/news/40554099_1_income-tax-tax-rate-tax-return

Barack Obama invites Indian-origin immigrant for Abe State Dinner

WASHINGTON: An undocumented Indian origin-immigrant has attended the State Dinner hosted by US President Barack Obama at the White House for visiting Japanese Prime Minister Shinzo Abe. Bupendra Ram, who came to the US at the age of two from Fiji, attended the dinner along with his partner Kamala Ram.
In fact, the list of guests indicated that Ram was the only Indian-origin person to have been invited for the most sought after dinner of the town.

MORE http://economictimes.indiatimes.com/nri/nris-in-news/barack-obama-invites-indian-origin-immigrant-for-abe-state-dinner/articleshow/47094811.cms

Are you misusing forms 15G and 15H to avoid TDS?

Getting a tax refund can be a cumbersome process. Delays by the Income Tax Department are common and the wait can be frustrating. That is why it makes sense to plan your taxes at the beginning of the year, to avoid overpayment and the refund process. Submitting investment declaration with your employer on time and filling form 15G/15H will save you half the hassles. Investment declarations is a straightforward exercise. However, you cannot randomly submit forms 15G and 15H.

MORE http://economictimes.indiatimes.com/wealth/tax-savers/tax-news/are-you-misusing-forms-15g-and-15h-to-avoid-tds/articleshow/46886679.cms?intenttarget=no

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