NRI joint account with resident Indian was not possible till 2011. But now NRI can also operate a resident savings bank account in India on ‘either’ or ‘survivor’ basis with a resident – resident can also be a joint holder in NRO account. For example, a son who works abroad can open a joint bank […]
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As an NRI, you can invest in mutual fund schemes in India but you have to pay tax. You have to pay taxes on mutual funds based on certain criteria, Keep in mind that tax implications are different for NRIs as compared to Resident Indians. In this post we are talking about the tax on […]
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Most of our clients are NRIs – so this is a FAQ for us – “When is the best time to send money to India?” or “Best exchange rate to send money to India”. Clients who have spent some time with us know the answer but they still probe ahead like – “I would like […]
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Let’s check Tax Implications on Different Sources of Income for NRIs in India – also check tax rates for NRIs. Some NRIs do earn income in India as well. If this income exceeds the basic exemption limit, NRIs have to file income tax returns. Even if the tax is paid or deducted, tax returns should be […]
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Someone rightly said “Change is the only constant in life” but few changes are really tough like the change in residential status for NRIs. Are you an NRI who is planning to return to India? Or are you a resident Indian who will become an NRI? Either way, there are certain steps to be taken regarding […]
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Is NRI required to file income tax return? – a very common question. In short – an NRI is liable to pay tax under certain conditions. This post will cover that… We have also touched – how to file NRI income tax return online. Let us look at the various aspects of filing tax. Cases when […]
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NRIs have many questions & at least I haven’t found a single source where they can get all the answers – and then I started WiseNRI. I keep getting a lot of questions from NRI clients & blog readers so I am sharing most frequently asked questions by NRIs. You can also ask questions in […]
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Are you an NRI who is planning to return back to India for good? Are you a professional who has been working abroad and now is being sent on a long-term assignment to India? If yes, I am sure you have many things to do. You might be busy winding up your work, winding up […]
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We love getting gifts. Gifts might involve a lot of emotion and tradition. But we have to consider practical and mundane things like rules and taxation when it comes to gifts in terms of cash or assets. NRIs can give and receive gifts in cash or kind (jewelry, antiques, property) to and from relatives and […]
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NRIs are looking for Investment Options in India but problem is that NRIs tend to succumb to marketing gimmicks by sellers (mostly bankers) and end up buying products which they don’t need. It’s important that NRIs first should look at their goal & risk profile – then hit search for NRI investment options in India. […]
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