TCS on Fund Transfers to NRIs
There is a confusion on whether to pay a 20% TCS on fund transfers to NRIs on either on their NRE, Foreign Account or NRO Bank Account. We clarify.
NRI Investment Opportunities in India FY 2024-25
Wide range of NRI investment opportunities in India are available. NRIs may make wise investments in India and reap the rewards of long-term wealth growth with proper preparation and study. There are plenty of options in India to invest your money in, but the right way to select the best investment option to achieve your financial goal(s) is by considering it’s returns on investment (high, medium and low), investment term (long, medium, short) and risk property (high, medium and low).
Should NRE deposits be reported in IT Returns?
It's suggested that the interest exemption under the IT Act may apply only while the individual is a PROI or permitted to maintain the account as per FEMA, once they return to India for employment and become a PRII.
Optimise International Retirement Investment Options
Strategic cross-border investments and exploring international retirement plans can significantly enhance the diversification of your portfolio while potentially bolstering your retirement funds. Here's a comprehensive guide to optimising international retirement investment options and navigating this path effectively.
India’s Forex Reserves Rebound as RBI Adds $58 Billion This Fiscal Year
In a remarkable resurgence, foreign exchange reserves of India have surged by $4 billion, reaching an impressive $620 billion as of December 22, 2023, as per recent data released by the Reserve Bank of India (RBI). This fiscal year has seen a substantial addition of $57.59 billion to the country's forex reserves, illustrating India's resilience in bolstering its financial stability.
Further US Dollar Decline in 2024 Anticipated
With the US dollar decline, it is on the verge of its most challenging year since 2020 and likely to persist in 2024 as US economic data weakens.
Could You do Investments for Your NRI Son?
As a power of attorney holder, you're authorised to handle the sale of immovable properties for your NRI son, given that the power of attorney is explicitly designated for those specific properties.
NRI Week in January 2024 to Foster Investments & Address Concerns
The proposed NRI week in January not only signals the Indian governments commitment to engaging with the Indian diaspora but also underscores the growing confidence in India's financial landscape. The dedicated NRI week in January, coinciding with the highly anticipated Pravasi Bharatiya Divas in January 2024.
Opening an NRI Bank Account – Complete Guide
Opening an NRI bank account is a pivotal step for NRIs to manage their finances, investments, and remittances efficiently. Understanding the types of accounts available and following the outlined step-by-step process can streamline this essential financial undertaking, ensuring a secure and convenient banking experience for NRIs.
Understanding NRI Banking and Accounts
For Non-Resident Indians (NRIs), managing finances back home or making investments in India demands a tailored approach. It's crucial to ...
