Cheapest way to send Money to India

There is a large population of Indians migrating to all parts of the world. Money transactions from those countries to India have really increased. Therefore, the need to have very secure ways of sending money to India is important. Those living abroad and have businesses [...]

Effect of demonetisation on NRIs and OCI

Non Resident Indian (NRI) – An NRI is a person who is still a citizen of India but lives in a foreign country. Overseas Citizen of India (OCI) – It is given to a person who was eligible to be an Indian National anytime from [...]

Tax Planning for NRIs

Income tax planning for NRIs is different in India. I am sharing some important information that can be helpful for you Who is an NRI – for Tax Purpose Tax Planning for NRI Taxable income for NRIs Tax-free income for NRIs DTAA Simplified NRI Tax [...]

TDS for NRIs – All You want to Know

Income earned or accrued by NRIs in India is subject to tax in India. Section 195 of the Income Tax Act covers Tax Deducted at Source (TDS) on payments made by non-resident Indians. The rates and conditions for TDS are different for Non Resident Indians [...]

NRI can use DTAA as a Tax Planning tool – India

What is double taxation? If you are an Indian and a resident in another country ( NRI)  with multiple sources of income across both the countries, you can get taxed twice – once in your resident country and once in India. There are other ways to [...]

Tax Treatment on NRI/PIO Term Deposits

Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs)  can have bank accounts in India. They can be of three types – NRE, NRO or FCNR accounts. NRE and NRO accounts can either be current, savings, or fixed deposit accounts. The FCNR account is [...]

QROPS & UK Pension for Non Resident Indians (NRI)

For NRIs living in UK the pension fund accumulation is a major hindrance. The stringent laws on taxation, especially on retirement assets, leaves very less in the hands of the people.   The larger problem arises when one wants to leave UK to return to their [...]

Moment your residential status change to NRI, there are many rules & regulation in personal finance which get applicable to you or simply get changed. Right from your bank account to the properties you may hold, all of them have different status. Most of people [...]