Tips on how to secure the property, investments, and wealth of non-resident Indians across borders.
NRIs can reduce their Indian tax burden by claiming special concessions under domestic law and DTAAs, but proper documentation and timely filing are crucial.
In a consultation paper issued on December 10, the regulator proposed doing away with the CP Code
The central bank has used this route in times of pressure on the rupee including in July 2013, when the currency came under attack due to the country's weak macroeconomic fundamentals.
NRIs are increasingly investing in Indian real estate due to favourable exchange rates, government reforms like RERA, and the country's robust economic growth. With simplified investment processes and long-term financial planning opportunities, the Indian real estate market continues to attract NRIs globally.
Mutual Funds Investment: Investing in India offers higher returns and diversification benefits, with mutual funds being an ideal vehicle for long-term growth. However, NRIs face challenges, including limited access to expertise, complex documentation, and regulatory requirements.
The challenges NRIs, among others, face in managing their affairs in India can be addressed by granting a PoA but there are precautions one must take
Legacy planning for families with NRI children presents unique challenges, particularly with substantial real estate involved. While a private family trust can be an effective solution, it also comes with its own set of limitations and risks.
Until now a foreign portfolio investor could have NRIs as investors, but the non-residents could not have majority ownership.
The UK government's plan to significantly alter its tax system for non-residents has sparked a surge in client inquiries, particularly from NRIs residing in the UK.
The Indian market offers a plethora of options for NRIs to invest and create wealth. These range from equities to mutual funds, fixed deposits, and debt funds.
Moneycontrol spoke to three NRIs who returned to India and one US-born Indian-origin person who came here in the belief that the country has good growth opportunities. Read on to know what they had to say
Since July, NRIs have faced difficulty in processing mutual fund systematic investment plans (SIPs) and in filing their IT returns and claiming tax refunds.
Remittances sent by migrant workers who work in exploitative conditions overseas support not just their families but also the domestic economy. Yet, neither do they get featured at the annual Pravasi Bharatiya Divas nor are their concerns discussed
In September 2013, then RBI governor Raghuram Rajan announced measures to bolster forex reserves and stabilise the rupee. These steps garnered $34 billion
Until a real estate project is fully developed and occupied, the sales or site office is its nerve centre. Apart from the online space, it is the primary bridge connecting developers to their customers and vice versa. From here, customers can seek and obtain critical information, clear doubts and have queries answered.
As many as 50% NRI respondents prefer luxury properties priced less than Rs 1.5 crore and 32% favour premium properties priced between Rs 90 lakh to Rs 1.5 crore
The impact of lockdowns globally, created Covid distress and raised the significance of investing in Indian real estate simply on grounds of safety, security and stability amidst the globally challenged scenario.
NRIs have been selling upscale properties in Delhi as the uncertainty because of the pandemic, low rentals and rupee depreciation makes them less attractive, compared with the option of high-return NRE deposits, but this is not a uniform trend as those who own properties in Mumbai and Pune have a different approach.
As many as 73 percent NRIs prefer homes in the Rs 90 lakh to Rs 2.5 crore budget.
The maximum search or demand comes from those NRIs living in the US, followed by the UAE and Britain, said the report by Commonfloor, a Quikr platform that offers home-seekers, sellers and realty professionals an online ecosystem.
Relaxation in double taxation of retirement funds to setting up of one-person company, the Budget 2021 has something for NRIs as well.
The demand for housing will continue to rise as housing is a priority for NRIs for their aged parents or for their own retirement
In situations such as the COVID-19 pandemic, NRI investors can increase their yield further by making use of the depreciation in the rupee/dollar exchange rate