Everything You Need to Know About Our Blog
Find Answers to Common Queries About Our Articles, Guides, and Updates
The new rule for British passports is that most EU countries only accept passports that were issued within the last 10 years.
The 10-year rule for British citizenship is the requirement to have lived in the UK lawfully for 10 years in a row.
When we talk about the cost of a 10 year British passport then a 10-year British passport costs £88.50 to apply online or £100 to apply by post for adults. Apart from that British passport for children costs £57.50 to apply for online or £69 by post.
Algeria, Egypt, Bhutan, Angola, Botswana, Cameroon, Côte d'Ivoire, Indonesia, Canada, and many more. These are some countries that require at least six months of passport validity.
The validity you need on your passport to travel is at least six months after your arrival date for international travel.
Yes, you can still use a red passport if it's valid for your trip.
Sweden, Switzerland, Syria, Togo, Uzbekistan, and Vatican City are some of the countries that require at least three months of passport validity.
Yes, you can renew a UK passport that expired 10 years ago — but it will be treated as a new application, not a straightforward renewal.
NRIs (Non-resident Indians) and PIOs (Persons of Indian origin) both can open an NRE or NRO account.
FCNR stands for Foreign Currency Non-Resident Account. It is a fixed deposit account that permits NRIs to save their money in foreign currencies in India and also offers several benefits.
An NRI can open a few types of bank accounts in India. Such as an NRE account, an NRO account, and an FCNR account.
The interest earned in an NRE account is free from tax in India. While the interest earned in an NRO account is subject to income tax. So, the NRE account is free from tax in terms of interest income in India.
Opening an NRE or an NRO account is not necessary for an NRI. However, it is recommended to open these accounts to manage your finances functionally in India.
Yes, an NRI can have both an NRE and NRO account at the same time. Both accounts serve different purposes.
Generally, the due date for filing the income tax returns every year is 31st July. For those individuals who do not require audits, the due date can be changed.
Usually, you should not convert to the new tax regime for a home loan. If you are going to claim an interest deduction under section 24(b), then the old regime is better to file ITR. You can also choose by calculating both scenarios annually as the principal amount of the loan reduces over time.
The individuals rarely face prosecution for such genuine mistakes. You can voluntarily use ITR-U to correct your errors in past returns. The income tax department always prefers voluntary compliance over criminal prosecution for such mistakes.
To correct a tax filing mistake, you can use the revised return option on the income tax portal before the completion of the assessment year or 31st December of the assessment year, whichever is earlier.
You should file the Income Tax Return on time, pay all your due taxes, report your income correctly, and verify your ITR after filing it.
The most common mistakes in filing income tax for NRIs include missing deadlines, using the wrong ITR form, errors in personal or bank details, and failing to report all income.