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NRI RETURNS TO INDIA
Mumbai felt safer than US: NRI returns to India after 23 years, shares why he left the American DreamAn NRI who spent 23 years in the US has shared why he eventually moved back to Mumbai, saying he "felt safer" there. After building a caree...- FCNR(B): Has RBI bought forex stability at too high a cost?The FCNR(B) scheme attracted significant foreign currency deposits for the RBI. These deposits bolstered forex reserves and stabilized the ...
- These 6 banking stocks have an upside potential of up to 26% in 1 year, according to analystsThe way things are panning out in the Gulf region, in Wall Street, and in the Bay Area in northern California, the chances of greater volat...
- Canadian landlord asks tenant to vacate India property for personal use; Punjab & Haryana High Court rules in tenant’s favour; know whyTenant wins eviction case filed by Canadian landlord who cited personal reasons as the need for this property; Know how landlord lost the c...
- Indian property is an NRI favourite—but is it the smartest way to build wealth?For years, buying a home in India has been almost synonymous with investing for many Non-Resident Indians (NRIs). A flat in Mumbai, Delhi, ...
- NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITATThe NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with...
- 5 stocks with consistent score improvement and upside potential of up to 25% in 1 year, according to analystsIf you are looking to deploy money in the market, make sure it is not money you need in the short term. Also, be clear that when you invest...
- RBI system liquidity surplus at record high: What it means for loans, FDs and investmentsA record Rs.10 trillion-plus surplus is lowering borrowing costs, but complicating RBI’s inflation fight.
- Earning in dollars doesn’t make NRIs better investors: Currency advantage alone isn’t enoughFor NRIs earning in stronger foreign currencies such as dollars, pounds or dirhams, investing in India can offer greater rupee purchasing p...
- Rs 1.09 crore remittance sent home by an Indian working in Kuwait, but he didn't file ITR, received income tax notice; gets relief in ITAT AhmedabadIndian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore back to family in India, files no...
- How to get Rs 3 lakh/month from my Rs 2 crore EPF corpus?ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can continue to earn interest on the b...
- Parents planned 5-month US stay, allowed only 2 months as father has job in India: NRI shares entry experience, seeks adviceAn NRI's parents faced reduced US stay despite a five-month return ticket. Immigration officers questioned their extended visit and job sta...
- Returning to India from the UK? Capital gains and inheritance tax may still applyNon-resident Indians should note that leaving the UK doesn't automatically terminate tax residency. Retaining connections might keep your t...
- Why are Registered Investment Advisers so rare in India? The big reason may surprise investorsIn the Indian investment landscape, a stark difference exists between mutual fund distributors who earn commissions and fee-only advisors w...
- Stock picks of the week: 6 stocks with consistent score improvement and an upside potential of up to 17%You might ask: Why does it matter to India? In actual fact, it matters not only to India, but to the whole world. Yes, we are talking of an...
- Moving abroad? Know what happens to your NPS account after you become an NRINon-Resident Indians are permitted to maintain their National Pension System contributions from abroad. To remain involved, they must utili...
- International funds outperform domestic peers as subscriptions resume. Should investors increase global allocation?International mutual funds have outperformed domestic peers across multiple time horizons, prompting investors to reassess overseas allocat...
- Rs 41 lakh cash deposit but no ITR: Bengaluru man claimed his wife and father paid his expenses; ITAT Bangalore refuses relief on this groundWaseem Ahmed, accountant member and Keshav Dubey, judicial member of ITAT Bangalore, in a recent judgement refused to condone a delay of ab...
- Rs 97,500 monthly SIP & over Rs 2 crore corpus at 62? Expert suggests portfolio rejig for NRI investor to reach Rs 3 crore goalAs retirement approaches, a non-resident Indian (NRI) investor with a target of Rs 3 crore seeks guidance from a financial expert. The advi...
- ‘My 3 startups failed in India, US one didn’t’: Here’s why NRI founder says all three shut downNRI entrepreneur Aniruddha Anjana says three businesses he launched in India after returning from 10 years in the US failed amid unpaid cus...
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