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  • Explained: Why NRIs must either close or convert their Indian bank accounts Jun 07, 2021 09:07 AM IST

    Explained: Why NRIs must either close or convert their Indian bank accounts

    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.

  • Clarity emerges on income tax rules for NRIs stranded in India due to COVID-19 Mar 09, 2021 12:17 PM IST

    Clarity emerges on income tax rules for NRIs stranded in India due to COVID-19

    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

  • Simply Save podcast | How NRIs should work their financial plan when they return to India Feb 17, 2021 06:21 PM IST

    Simply Save podcast | How NRIs should work their financial plan when they return to India

    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

  • Budget 2021: Residency problem persists for NRIs, but retirement fund glitches removed Feb 01, 2021 06:47 PM IST

    Budget 2021: Residency problem persists for NRIs, but retirement fund glitches removed

    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

  • COVID crisis: Money matters NRIs must fix before returning to India for good May 29, 2020 09:40 AM IST

    COVID crisis: Money matters NRIs must fix before returning to India for good

    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

  • Residency relief for NRIs and foreigners: A welcome tax initiative May 12, 2020 09:03 AM IST

    Residency relief for NRIs and foreigners: A welcome tax initiative

    Due to the cancellation of international flights and lockdowns, NRIs were stranded in India

  • NRI? Stuck in India due to coronavirus? Worried about tax status? Here's all you need to know May 08, 2020 10:38 PM IST

    NRI? Stuck in India due to coronavirus? Worried about tax status? Here's all you need to know

    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.

  • Housing for all: Madras HC proposes ban on NRIs from buying houses in India Feb 04, 2020 08:47 PM IST

    Housing for all: Madras HC proposes ban on NRIs from buying houses in India

    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.

  • Budget 2020: Govt clarifies on new definition of NRI under Finance Bill 2020 Feb 02, 2020 04:36 PM IST

    Budget 2020: Govt clarifies on new definition of NRI under Finance Bill 2020

    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"

  • Budget 2020 brings non-tax-paying NRIs into the net Feb 01, 2020 08:59 PM IST

    Budget 2020 brings non-tax-paying NRIs into the net

    Worldwide tax proposed on Indians not paying tax in any other country

  • How NRIs can manoeuvre the geo-political risks to their portfolios Jan 31, 2020 09:17 AM IST

    How NRIs can manoeuvre the geo-political risks to their portfolios

    Here are six steps that can reduce the impact of such geo-political events

  • Taxability of gifts received by NRIs from Indians Dec 10, 2019 02:58 PM IST

    Taxability of gifts received by NRIs from Indians

    A sum of money received without consideration, is deemed to accrue or arise in India

  • Interest on NRE accounts not always exempt from tax Nov 20, 2019 08:46 AM IST

    Interest on NRE accounts not always exempt from tax

    There are certain scenarios, when such an interest income becomes taxable.

  • Questions NRIs must ask before making investment decisions Aug 27, 2019 04:08 PM IST

    Questions NRIs must ask before making investment decisions

    Identifying answers to these fundamental questions can significantly improve the financial decision making process, in an otherwise complex cross-border situation

  • How millennial global citizens must manage their money Jul 31, 2019 04:09 PM IST

    How millennial global citizens must manage their money

    Time zones and borders blur themselves for these generation of always-on-the-move investors

  • Deciding residential status for taxes, a complex affair Jul 23, 2019 04:08 PM IST

    Deciding residential status for taxes, a complex affair

    A taxpayer’s foreign income is charged to tax in India if he is a resident in India

  • Unsold inventory of luxury homes sees 12% drop: Report Jul 19, 2019 01:46 PM IST

    Unsold inventory of luxury homes sees 12% drop: Report

    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.

  • Take due care while reporting foreign income and assets Jul 17, 2019 09:12 AM IST

    Take due care while reporting foreign income and assets

    Any mis-reporting or non-compliance could lead to punitive consequences

  • Budget 2019: Gift tax loophole plugged for NRIs Jul 05, 2019 07:40 PM IST

    Budget 2019: Gift tax loophole plugged for NRIs

    Higher surcharge for the super rich resident Indians are applicable for NRIs too

  • Viewpoint | NRIs better off focusing on their personal budgets than on India’s Jul 02, 2019 03:29 PM IST

    Viewpoint | NRIs better off focusing on their personal budgets than on India’s

    By focusing sharply on their income, expenses, assets and liabilities, NRIs can be their own finance ministers

  • Four ways for NRIs to ensure smooth cross-border financial planning Jun 18, 2019 04:33 PM IST

    Four ways for NRIs to ensure smooth cross-border financial planning

    Once you’ve left the country, it becomes imperative to have someone taking care of your accounts and investments in both geographies.

  • Viewpoint | The NRI's guide to bank accounts in India - 2019 May 21, 2019 04:42 PM IST

    Viewpoint | The NRI's guide to bank accounts in India - 2019

    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.

  • Viewpoint | NRIs, don’t make investments as per short-term currency movement May 07, 2019 02:13 PM IST

    Viewpoint | NRIs, don’t make investments as per short-term currency movement

    One needs to remember that currency movements can partially impact the returns that investors make, and are not the only factor.

  • NRIs will soon be able to invest in Indian government securities Apr 04, 2019 03:36 PM IST

    NRIs will soon be able to invest in Indian government securities

    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.

  • More and more NRIs buying homes for rental income Mar 31, 2019 03:28 PM IST

    More and more NRIs buying homes for rental income

    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.

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