Sunday, 5 May 2019

For RNOR, NRI, income earned abroad is not taxable in India

  • Your residential status will have to be tested for each financial year separately and taxes filed accordingly. If you are an RNOR or an NRI, income earned outside India will not be taxable in India.
  • Read more on livemint

Friday, 3 May 2019

Medical edu dept clarifies stand on NRI quota benefits

Rajasthan Medical education department issued a guideline clarifying its stand on who can avail the benefit of NRI quota in admissions in medical courses in the state. 

Read more at: TOI

Maharashtra is favourite destination for FDIs by NRIs

Maharashtra has emerged as the favourite destination for Foreign Direct Investments (FDIs) by NRIs in the last four financial years (2014-15- 2017-18) attracting ₹1,454 crore, which is 30 per cent of the total NRI investments of ₹4,820 crore in the country. Kerala and Gujarat received ₹902 crore and ₹515 crore respectively during the same period.

Read more on Business Line

Guideline For NRIs To File Taxes In India

For NRI population, unlike the regular resident Indians, rules and regulations differ to an extent and further there are some legalities and clauses that become tricky to comprehend. So, here is a quick ready reckoner for NRIs to review before filing their tax returns in India.
Read it on good returns

Tuesday, 30 April 2019

5 Common Challenges that Every NRI Investor Faces in India

Timely and a solid investment for future needs is one of the most sought after goal among Indians and NRIs both. For NRIs though it becomes a more confusing process since they do not reside here. The struggle is real and so News18 has listed some of the most common problems that NRIs face when investing in their home country.
check out the common challenges here

Sunday, 27 January 2019

Affordable, mid-market categories emerge favorites of NRIs

The regulatory reforms like RERA and GST taken in the last couple of years have restored the confidence in the Indian real estate market, particularly among the NRIs who are investing with renewed interest. There has been a sizeable jump in the number of NRI deals in the Indian property market in the recent past.

Full report here

Wednesday, 9 January 2019

How a returning NRI can open resident foreign currency account

An NRI would have assets and bank accounts abroad. Income generated from these assets would be in a foreign currency. A returning NRI has the option of bringing the funds to India by opening a Resident Foreign Currency (RFC) account with a bank here.
The funds in a RFC account are held in foreign currency and can be transferred to NRE/FCNR accounts if the person returns abroad. 
Read more here