RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
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...
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...
Credit cards for NRIs and H-1B workers: Check features, fees, documents required and benefitsNon-resident Indians can now get credit cards in India. These cards offer benefits for spending both in India and abroad. Several banks lik...
Online FATCA certification for NPS compulsory even if submitted physicallyAs per the instruction from PFRDA/NPS Trust, PRAN would not be blocked on account of non-submission of FATCA Self-Certification.
You need to file your FATCA compliance to banks by April 30 to avoid an account freezeMutual fund investors, bank account holders and those who have invested in insurance schemes may face a freeze if they don't comply.
Is your mutual fund account FATCA compliant? If not, it may be blocked after April 30In case of non-compliance by May 1, accounts will be blocked i.e. no transactions will be allowed in such non-compliant accounts this date.
Learn with ET Mutual Funds: What is FATCA in MFs?If you are a mutual fund investor, you must be getting messages from your distributor or fund house, requesting you to be FATCA compliant b...
US to have full reciprocity with India on tax info under FATCAFATCA came into effect from September 30 which has enabled automatic exchange of financial information between India and the US.
CBDT issue guidance notes on FATCA implementationCentral Board of Direct Taxes issued guidance notes on implementation of reporting requirements for the US law FATCA.
India likely to sign US tax compliance law FATCA on ThursdayIndia is likely to sign the inter- governmental pact for the US tax compliance law FATCA on Thursday, a move that will help it fight tax ev...
RRBs with assets less than $175 million not to register with FATCAThe Reserve Bank has exempted Regional Rural Banks with assets less than USD 175 million to register with the US Internal Revenue System un...
India gets a month more to sign FATCAIndia and some other countries have got one more month from the US to sign the Foreign Account Tax Compliance Act (FATCA), an agreement whi...
India gets a month more to sign FATCA with US: Revenue Secretary Shaktikanta DasUnder FATCA, US government will sign Inter-governmental Agreement (IGA) for sharing of information with various countries, including India.
India concludes pact with US on tax evasion under FATCAThe 'in substance' agreement with India under Foreign Account Tax Compliance Act (FATCA) was concluded on April 11, the US Treasury said.