As a Non-Resident Indian (NRI), you are subject to taxation laws applicable in India. There are a few advantages and many disadvantages of the tax policy for NRIs. But you can make the best use of these tax strategies for NRIs Advantages Interest earned in NRE savings accounts and FCNR accounts is tax-free. Tax on […]
Continue reading
RFC Account is Resident Foreign Currency account – they are bank accounts that can be maintained by resident Indians in foreign currency. RFC accounts are helpful for NRIs as NRIs might have money in foreign currency in bank accounts abroad that they would like to bring to India. Check – NRE FD after Return to […]
Continue reading
How can NRIs transfer funds Overseas from India? NRIs live abroad and earn money abroad but many of them have money in India through passive earning such as rent or through the sale of investments and property. It is possible for them to transfer these funds outside India provided they follow the regulations laid down […]
Continue reading
In the budget 2019, there was an announcement that AADHAR can be used in the place of PAN & even at the time of filing taxes. But next day income tax office clarified that they will issue PAN to people who will file using AADHAR. Then came another news that PAN Cards that are not […]
Continue reading
NRIs can buy residential as well as commercial property in India but they can’t buy agriculture land. NRIs can also buy multiple properties too. NRIs can take a loan to buy property just like Resident Indians. Just like for resident Indians, 70%-90% of the value of property can be funded by a loan. The remaining […]
Continue reading
NRIs have many investment options in India but FCNR is one of the most ignored ones… You can read all about FCNR & is it a good investment. What is FCNR account? FCNR account stands for Foreign Currency Non-Resident account. It can be opened only by NRIs. It is similar to a Fixed Deposit but […]
Continue reading
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