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
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 […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading
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 […]
Continue reading