Are you an NRI? Want to sell your property in India? Confused about capital gains? Don’t know whether you can take the money abroad? Then, this is for you.
With the 31st July deadline for filing tax returns just around the corner, everyone’s talking tax. Are you an NRI? You should be concerned too.
The rules under the Foreign Exchange Management Act pave the way for investment in property in India by NRIs, PIOs, and foreign nationals residing in India.
The changes in rules for select small savings scheme investment like PPF and NSC for NRIs calls for accounts to be closed before their maturity in case the account holder’s status changes from resident to non-resident Indians.
Before you leave the country, here are some money matters that need to be taken care of.
If you are an NRI, you might need to repatriate money earned overseas to India. Or, you would like to manage income from India from your foreign location. Here’s where NRE and NRO accounts enter the scene. Learn about the differences between the two.
Malini, an IT professional has scheduled her travel to the US for working onsite. Travelling overseas for work was not new for Malini, but this time, with a big project in hand, she was likely to be abroad for more than a year. While Malini was happy that an onsite work profile would do well… Read More »
There was a time when IRIs (India-Residing Indians) looked at their NRI cousins with quiet jealousy. Going overseas for work is still considered to be a barometer of success. But NRIs are not descendants of Uncle Scrooge. They too work hard and pay taxes. If you are one of those travelling overseas for work and subscribe… Read More »
The finance minister Mr. Pranab Mukherjee is facing one of the toughest challenges of his long and distinguished career as the man at the helm of financial planning for the nation. This year’s Union Budget comes a time when the ruling coalition faces multiple challenges from almost every quarter and the frustration of the masses… Read More »