Among the many apprehensions that NRIs’ have about investing in property in India , one is about the ways and means of repatriating funds back to their country abroad, after the sale of a property. Any NRI investor, while investing in property in India, should ideally chalk out the process from conception to completion. In … Continue reading A Quick Guide on Fund Repatriation by NRI after Property Sale: Ways and Means
Non-resident Indians often feel perplexed as to how to go about investing in property in India. They are unsure about the rules and the methodology of making investments and hence are apprehensive about the outcome from such investments. This article attempts to dispel the doubts in the minds of such prospective NRI investors by addressing … Continue reading The Complete NRI Guide to Property in India
As an NRI, you have decided to move back/return to India and are wondering how you should go about it. Well, Non-resident Indians(NRI), wishing to moving back/return to India may get perplexed determining what exactly they should do so as to move back to India seamlessly. Here are a few things which NRIs’ should do … Continue reading A checklist for NRIs returning back to India
‘Dil mange more’, the ‘heart yearns for more’ is a phrase which fills the heart with exuberance when the ‘double’ refers to benefits or gifts accruing to us. If the reverse happens, for example paying taxes twice on the same income, then the experience could be quite debilitating. What is double taxation? Those who are … Continue reading How NRIs can avoid Double Taxation?
“Aa ab lautchalen”, (meaning let us now return) is the title of a Bollywood movie which reflects the thought of many NRIs’ yearning to return to India. The decision to return requires planning, especially the finances and Resident Foreign Currency (RFC) Account is an ideal vehicle for NRIs’ to park their funds in foreign currency … Continue reading Resident Foreign Currency Account: The Choice of NRI’s returning India
It is often that people take the plea that the law is not known to them and any breach of law therefore is purely due to ignorance. However, the Latin term “ignorantialegisneminemexcusat” very aptly and succinctly states the truth-“ignorance of the law excuses no one”. Tax violations in countries like USA can be considered to … Continue reading How to report Incomes from India while filing the tax return in USA?
For NRIs looking forward to make huge savings with small monthly investments, the Recurring Deposits seems to be an excellent option. A recurring deposit account is one that enables the depositor to save by paying an agreed fixed monthly sum for a required period. This type of an account goes well with people with fixed … Continue reading How NRIs can make use of Recurring Deposits?
Selling an inherited property could appear to be quite a challenging and troublesome job in India, especially when one is not aware of the procedures. For people staying abroad for a long time can find this process even more horrifying. Although NRIs have been quite open to investing in Indian properties, selling the inherited ones … Continue reading What steps should NRIs take to sell their inherited property in India?
NRIs have always been keen on investing their money in India. Buying a property in one’s home country will always have its own advantages. Occasions like wedding, anniversary or a misfortune may want them to visit their homeland to keep the Indian connection alive. Another thing that dominates an NRI’s mind is that he might … Continue reading A Checklist for NRIs Investing in Indian Property