The Reserve Bank of India has updated investment rules for Non-Resident Indians and Overseas Citizens of India. Individuals residing outsid...

Rich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...

NRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international...

NRIs 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 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...

Even after paying taxes in India, NRIs may be taxed in their country of residence on the same income. Most nations offer foreign tax credit...

The RBI’s Monetary Policy Committee has allowed Authorised Dealer banks to lend in Indian Rupees to Bhutan, Nepal, and Sri Lanka to promote...

Returning Indians may face hurdles in establishing residency. A tribunal ruling clashes with the Reserve Bank of India norms. The Foreign E...

The RBI has significantly eased FEMA regulations by capping penalty amounts for violations at Rs 2 lakh, a substantial reduction from the p...

The RBI is scrutinizing the misuse of a 2003 rule allowing Indian students abroad to be treated as NRIs, which enables large overseas fund ...

Non-resident Indians (NRIs) are required to file Income Tax Returns (ITRs) if their income in India exceeds ₹2.5-3 lakhs, facing penalties,...

As one of the emerging economies in the world, the Government of India has allowed NRIs to invest in Mutual Funds in conjunction with SEBIs...

According 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...

Investments by NRIs under under Schedule 4 of FEMA regulations will be deemed domestic investment at par with the investment made by reside...

Over the last many years, the Reserve Bank of India (RBI) has, as part of its liberalization program made it easier for Non Resident Indian...

Some of the areas where investments are restricted for an NRI include agriculture, plantation and construction of farm houses. Process of r...

The govt has demonstrated that no FDI would be allowed in plantations, even in the case of NRIs.