Non-Resident Indian (NRI) means a 'person resident outside India' who is a citizen of India or is a person of Indian origin. NRI Investment Options in Indian Stock Market NRIs can purchase shares or convertible debenture of an Indian Company, Invest in Exchange Traded Funds (ETFs) and tra...
An NRI fixed deposit is a great way to invest money for Indians who live overseas. Depending on the type of investment, the returns may be tax-free as well. Some NRI fixed deposits also allow for investment in foreign currency that protects them from currency fluctuations. ...
2017: My first tax season with Indian FDs. US CPA: “You have what kind of account?” Me: “It’s an NRE FD…” CPA: “A what now?” Let’s make this crystal clear: NRE FD Tax Benefits According to theIncome Tax Act, Section 10(4)(ii): Interestcompletely tax-free in India N...
NRIs must be mindful of tax compliance in India and their resident country and be knowledgeable of double taxation policies. The Double Taxation Avoidance Agreement benefits NRIs if India has an agreement with the NRI’s resident country. In that case, the income earned in India will have tax...
Looking to invest in India? Then this blog is for you. NRIs can consider mutual funds as an investment option, but it's important to understand the regulations and tax implications. Learn how NRIs can invest in mutual funds in India, the best options available, and the required documents....
through NRI loans has further advantages as tax claims on the interest rates on the loan have no upper ceiling for NRIs. A flat 30% tax claims on any rent income can also be made in lieu of maintenance. And if the real estate investment is left vacant, there is further wealth tax ...
Key Takeaways:Have you wondered which NRI account allows you to hold funds tax-free? Which one do you use to collect income earned in India? Liiving life overseas is challenging enough. Worrying about the right kind of NRI account should be the last thing on your mind. Here is a quick...
exploring for NRIsas the interest received is tax free in India. Also the interest rates offered by banks here on US, Singapore and Hong Kong Dollar are higher than offered by banks in respective countries. Thebank loans for NRIs are also good option especially when creating asset in India....
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· Consulting fees or salary earned in India (by Section 9(1)(ii) and Section 195 of the Income Tax Act) 6. What are the restrictions on NRI banking in India? l As per the FEMA rules for NRIs, investment in the government's small savings or Public Provident Fund (PPF) scheme...