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  • CNBC-TV18

Decoding taxation for NRIs: Latest rules, claim process and more

Taxation is a crucial element for the economy of any nation. While various taxes are levied on different services available in India, it's important to note that taxation also affects people who do not stay in India but are of Indian origin. Although income earned abroad is not taxable in India, these non-resident Indians (NRIs) have to pay tax in India on capital gains from shares, mutual funds, and term deposits, if it exceeds the basic exemption limit.

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