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Income tax Rules for NRI – Everything you need to know about NRI taxability and exemptions

The Indian diaspora is around 3 Crore. While it is only 2.25% of India’s population, their total wealth is estimated at USD1 trillion which is nearly over half of India’s GDP. The income of the Indian diaspora is estimated at USD 400 billion a year. The Indian Diaspora is sending around USD 80 billion back … Continue reading Income tax Rules for NRI – Everything you need to know about NRI taxability and exemptions

How to create a Power of Attorney as an NRI, that will not Backfire? Key points and a Free downloadable sample Power of Attorney template.

Table of Contents 1. Are you an NRI looking to buy/sell a property in India through Power of Attorney? 2. General procedure and Rules for Power of Attorney 3. Documents required to attest the Power of Attorney by the Indian Consulate 4. Registration of POWER OF ATTORNEY received in India from the NRI 5. Precautious … Continue reading How to create a Power of Attorney as an NRI, that will not Backfire? Key points and a Free downloadable sample Power of Attorney template.

The Ultimate Guide for NRIs to choose a Certified Financial Planner

Are you an NRI who is making most of your investments during your short visits to India? Are you forced to take quick investment decisions because of the tight-packed agenda during those short visits? Remember, those quick investment decisions will have long-term commitments. Are these investments aligned with your actual financial goals? As a Non-Resident … Continue reading The Ultimate Guide for NRIs to choose a Certified Financial Planner

All you wanted to know about the Guidelines for Purchase and sale of property by NRIs and repatriation of sale proceeds

It is not that complicated for Non-Resident Indians (NRI) to buy or sell immovable property in India and remittance of sale proceeds, but there are certain rules and regulations to be followed during such transactions. The Reserve Bank of India governs them and they fall under the purview of the Foreign Exchange Management Act (FEMA). … Continue reading All you wanted to know about the Guidelines for Purchase and sale of property by NRIs and repatriation of sale proceeds