Jun 07, 2021 09:07 AM IST
If you continue operating a normal savings/current account while living outside the country, you would be in violation of the FEMA laws of the RBI. You can close or convert them to NRO/NRE accounts.
- Mar 09, 2021 12:17 PM IST
Many non-resident Indians couldn’t return to their countries due to the lockdown. The tax department has clarified the rules for determining their residential status
- Feb 17, 2021 06:21 PM IST
NRIs returning back to India don’t just come back because they’ve lost their jobs. There could many other reason for the pull, such as ageing parents, a retired life back in India or a better career opportunity back home. Such NRIs must plan their finances
- Feb 01, 2021 06:47 PM IST
For NRIs stuck in India due to COVID-19, the tax problem persists. But mismatch in taxation period and retirement benefit funds will be addressed
- May 29, 2020 09:40 AM IST
From clearing home loan dues, to changing bank accounts and buying insurance locally, NRIs must take a systematic approach to their finances before packing their bags
- May 12, 2020 09:03 AM IST
Due to the cancellation of international flights and lockdowns, NRIs were stranded in India
- May 08, 2020 10:38 PM IST
The Central Board of Direct Taxes noted in a circular that the decision has been taken following various representations in the matter, as concerns were expressed that a prolonged stay in the country may make them a resident of India under section 6 of the Income Tax Act, 1961.
- Feb 04, 2020 08:47 PM IST
The court on its own impleaded the Union housing and finance ministries as party respondents. It has directed them to answer a series of questions including as to how many families have basic amenity of housing in India as well as in Tamil Nadu, population and housing ratio in the country and in the state, when 'Housing for All' mission of the central government would be achieved.
- Feb 02, 2020 04:36 PM IST
The government has said that "the new provision is not intended to include in tax net those Indian citizens who are bonafide workers in other countries"
- Feb 01, 2020 08:59 PM IST
Worldwide tax proposed on Indians not paying tax in any other country
- Jan 31, 2020 09:17 AM IST
Here are six steps that can reduce the impact of such geo-political events
- Dec 10, 2019 02:58 PM IST
A sum of money received without consideration, is deemed to accrue or arise in India
- Nov 20, 2019 08:46 AM IST
There are certain scenarios, when such an interest income becomes taxable.
- Aug 27, 2019 04:08 PM IST
Identifying answers to these fundamental questions can significantly improve the financial decision making process, in an otherwise complex cross-border situation
- Jul 31, 2019 04:09 PM IST
Time zones and borders blur themselves for these generation of always-on-the-move investors
- Jul 23, 2019 04:08 PM IST
A taxpayer’s foreign income is charged to tax in India if he is a resident in India
- Jul 19, 2019 01:46 PM IST
Bengaluru recorded 49 percent reduction in unsold luxury stock within a year; Kolkata saw a 37 percent decline and NCR and MMR each witnessed a 7 percent decline.
- Jul 17, 2019 09:12 AM IST
Any mis-reporting or non-compliance could lead to punitive consequences
- Jul 05, 2019 07:40 PM IST
Higher surcharge for the super rich resident Indians are applicable for NRIs too
- Jul 02, 2019 03:29 PM IST
By focusing sharply on their income, expenses, assets and liabilities, NRIs can be their own finance ministers
- Jun 18, 2019 04:33 PM IST
Once you’ve left the country, it becomes imperative to have someone taking care of your accounts and investments in both geographies.
- May 21, 2019 04:42 PM IST
Unlike regular citizens of India, NRIs cannot have standard savings accounts in Indian banks. There are three popular type of bank accounts an NRI could operate i.e. non-resident ordinary account, non-resident external account and foreign currency non-resident (B) account.
- May 07, 2019 02:13 PM IST
One needs to remember that currency movements can partially impact the returns that investors make, and are not the only factor.
- Apr 04, 2019 03:36 PM IST
The success of this initiative will depend on the extent of operational flexibility, awareness among investors and liquidity in G-Sec markets among other factors.
- Mar 31, 2019 03:28 PM IST
Also, of late, NRIs with higher purchasing power are lapping up luxury homes along with affordable homes, as they offer better rental income and capital appreciation.