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.
Are you an NRI looking to buy/sell a property in India through Power of Attorney? In an increasing phase of property crimes in the country particularly involving NRI’s and Power of Attorney, it is solemnly your responsibility to be aware of such fraudulent attempts. Recently, an adjudication came to result in Himachal Pradesh where the … 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.
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
SIP is an acronym for Systematic Investment Plan. Metaphorically, SIP is just like a sip we take from a glass of water. Small intakes over a period help us in completing the drink comfortably. Investments through SIPs are somewhat similar. To start with the basics, what exactly is a mutual fund SIP? – SIP is … Continue reading Everything NRIs Need to Know about Mutual Fund SIP
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
Since the significant announcement by the Reserve Bank of India on May 7, 2012 NRIs can transfer their money from the Non-Resident Ordinary Account (NRO) to Non-Resident External Account (NRE). The Reserve Bank of India (RBI) permitted NRO to NRE fund transfer subject to payment of applicable taxes within the overall ceiling of USD 1 … Continue reading Now You Can Transfer Funds from NRO to NRE account…!!!
A Warning: What would be the impact on you and your family members if personal finance things don’t work out as per your expectation when you return to India…? Bad news: 90% of NRI investors are not with the right financial planner. Good news: You can choose the right financial planner now. As an NRI returning to … Continue reading Returning to India? An NRI’s perfect guide for Income Tax Planning