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NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...- Looking for over 17% return from FCNR deposit through leverage? Check pitfalls before getting luredThe Indian government's decision to cover hedging costs for FCNR(B) deposits until September 2026 has enabled banks to offer higher interes...
- Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...
- Apple inks multi-billion-dollar deal with Broadcom for US-made chipsUnder the multi-year deal, Broadcom will develop 5G radio frequency components with Apple that will be designed and built in several US fac...
- Foreign Account Tax Compliance Act will result in heightened tax scrutiny of NRIsFATCA requires all foreign financial institutions to enter into an agreement with the US government & disclose foreign account information ...
- Offshore Voluntary Disclosure Program to aid NRIs with undisclosed assetsUnder the US Foreign Account Tax Compliance Act it is expected that Indian banks will soon begin disclosing the names of American clients.
- Indian Americans setting up companies in India? Watch out for US tax lawIn the past few years, several Non Resident Indian (NRI) entrepreneurs have successfully set up companies in India and the trend is only li...
- For Indian Americans, it's time to declare offshore income, assets under FBARFBAR collects info about your foreign bank, accounts and you must file it if the balance in these accounts exceeded $10k.
- What Indian Americans should do when they inherit property in IndiaIndia does not tax inheritances at the time when such inheritance is received. Tax is levied only on the income generated by the receiver.
- 2 recent IRS developments that will impact Indian AmericansTwo developments have again shifted the spotlight on this issue. We try and understand the impact on Indian Americans.
- FBAR filing for Indian Americans: 10 things to keep in mindIf you thought you were done with this year's reporting when you filed tax returns, you probably forgot about the FBAR.
- IRS reopens Offshore Voluntary Disclosure Program: Should Indian Americans apply?The offshore voluntary disclosure program (OVDP) offers a lower rate of penalty for defaulters who come forward and make voluntary disclosu...
- US tax filing: New IRS form 8938 will impact Indian Americans significantlyGiven the serious implications of Form 8938, let's look at its applicability so you do it right when you file your taxes for 2011.
- Top 10 regulations that mattered to NRIs in 2011We take a look at some of the key regulations that impacted an NRI’s finance in the year 2011.
- Indian-American indicted for not reporting HSBC India accountAn Indian-American neurosurgeon has been indicted by a federal grand jury for not reporting to taxation authorities about his HSBC bank acc...
- FBAR: A new financial disclosure for US-based NRIsAnyone who is a resident of US is now required to disclose all his global financial transactions to US IRS and pay tax on his global income.
- Indians in US have to disclose offshore accountsNon-residents are required to declare overseas financial accounts if aggregate value exceeds $10,000 during calendar year. NRE/ NRO A/cs I ...
- Hotels, pubs raise a toast to cricket maniaIt’s not just Shah Rukh Khan's Kolkata Knight Riders on a winning streak. Hotels and pubs have managed to cash in on the cricket craze by n...
- FTV to relaunch F-bar outletsStarting with fitness and beauty outlets under the brand name F Chisel, FTV is re-launching F-bar as well as the F-cafes.
- FTV to relaunch F-bar outletsHaving earlier shut down its F-bar outlets across the country, Fashion TV is now making a come back with a slew of offerings.
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