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FEMA RULES FOR NRIS
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...- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
- New RBI rules for NRIs and OCIs: Key changes in investments, NPS and money transfers
- RBI opens listed Indian equities for foreign investorsThe Reserve Bank of India has opened direct equity investment in listed firms to all foreign individuals, expanding beyond NRIs and OCIs. T...
- RBI eases investment rules for NRIs, OCIs; permits designated repatriable rupee accountsThe Reserve Bank of India has updated investment rules for Non-Resident Indians and Overseas Citizens of India. Individuals residing outsid...
- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
- How NRIs can send money to family and businesses in India but one wrong step violates FEMA
- Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to doNRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
- NRI tax guide: Returning to India? Here's exactly when the tax department starts taxing your foreign income
- NRI exit from shares of unlisted companies: Check the hidden tax traps to navigate before repatriationEven after paying taxes in India, NRIs may be taxed in their country of residence on the same income. Most nations offer foreign tax credit...
- RBI permits AD banks in Bhutan, Nepal, Sri Lanka to lend in rupees; NRI rules easedThe RBI’s Monetary Policy Committee has allowed Authorised Dealer banks to lend in Indian Rupees to Bhutan, Nepal, and Sri Lanka to promote...
- NRIs caught in FEMA-RBI crossfire over when they become residentsReturning Indians may face hurdles in establishing residency. A tribunal ruling clashes with the Reserve Bank of India norms. The Foreign E...
- RBI caps FEMA violation penalty at Rs 2 lakh to ease compliance burdenThe RBI has significantly eased FEMA regulations by capping penalty amounts for violations at Rs 2 lakh, a substantial reduction from the p...
- Study abroad turns into stash cash abroad; RBI takes noteThe RBI is scrutinizing the misuse of a 2003 rule allowing Indian students abroad to be treated as NRIs, which enables large overseas fund ...
- Behind the barrier: Understanding the regulations impacting mutual fund investments for NRIsAs one of the emerging economies in the world, the Government of India has allowed NRIs to invest in Mutual Funds in conjunction with SEBIs...
- ED serves notices for Euro Cup betting, games, misuse of cardsAccording to two persons aware of the ED action, the number of notices may have touched 1,000 in the past two months. “Most of the individu...
- Investment opportunities for NRIsSome of the areas where investments are restricted for an NRI include agriculture, plantation and construction of farm houses. Process of r...
- Govt rejects FDI demand in agricultureThe govt has demonstrated that no FDI would be allowed in plantations, even in the case of NRIs.
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