Whenever I ask an NRI about there investments in India – most of them share a list of properties that they have purchased in the last few years. NRIs simply have to understand Real Estate is an asset class like any other – there are pros & cons. Let me stick with Mutual Funds for […]
Continue reading
Have you recently got a job abroad? Have you got a work visa in a foreign country and are hoping to spend a few years there? It might mean that you will become a Non-Resident Indian(NRI). You need the NRI Checklist. The status of an NRI is different from a resident Indian under the Foreign […]
Continue reading
NRIs have access to the whole world & that’s the reason question is why should NRI invest in India? If Yes. Where & How to invest is another major challenge. The GDP growth rate for India for the quarter ended November 2018 was 7.1%. Swedish furniture giant IKEA, which recently opened a store in India plans to […]
Continue reading
Well the newspapers and television are full of features recalling few things like “Best of craziest Bollywood moments of 2019” or the “Best of wardrobe malfunctions of last year” or the “Best of divorce/separation of the year”, I will not make an adventure to test your oomph level and will draw your focus on a […]
Continue reading
RNOR (Resident But Not Ordinarily Resident) is not very well know even in NRI circles. A few days back when I wrote a post about “status of NRE FD after return to India“ – I got few emails & comments that they have not heard about this. Surprisingly even bankers don’t provide this information to NRI […]
Continue reading
One of the most common questions that I get from NRI is – what will happen to my NRE FD after return to India? This question is on top of his mind because most NRIs locked their savings in long-term NRE FDs & they are giving high interest which is tax-free in India. You can […]
Continue reading
The Indian rupee has been on a downward slide for some time now. It has been above the Rs. 70 to 1 US Dollar mark for the last 3 months. Almost depreciated 20% in 2018 calendar year and came very close to the psychological level of 75. This was sharp & painful after few years […]
Continue reading
NRIs stay outside India & face challenges in managing their assets in India – they have a couple of options to manage their accounts here. So what should be preferred – Power of attorney, joint account or a mandate holder in bank account? Who is a Mandate Holder in an NRE/NRO account? A Non Resident […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading