Monday, 6 May 2019

IDBI Bank launches paperless account opening facility for NRIs

IDBI Bank has launched the ‘NRI-Insta-Online’ account-opening process for NRIs residing in Financial Action Task Force (FATF) member countries, it said in a release.
Read the full story here

Sunday, 5 May 2019

How to register as an NRI voter

With the Lok Sabha Polls now underway and people lining up in queues to cast their franchise, Non-Resident Indians are also feeling the need to ink their fingers and select their preferred candidate.

If you are an NRI, here's how you can add yourself to the list of voters for the Polls and guarantee your part in the democratic process.

More in Deccan Herald 

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