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DECLARING NRI STATUS
NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...
Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
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...
I am an NRI based in Canada. How can my parents in India transfer property and financial assets to me?I am an NRI based in Canada and expect to inherit property and financial assets from my parents in India. What should I do to avoid tax com...
Income Tax filing: Do NRIs need to file ITR if they have no income in India?Non-resident Indians (NRIs) are required to file Income Tax Returns (ITRs) if their income in India exceeds ₹2.5-3 lakhs, facing penalties,...
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...
The ultimate guide for NRIs and Indian residents for opening a joint account in IndiaNon-Resident Indians (NRIs) can now open joint bank accounts with Indian residents, thanks to regulatory changes made by the Reserve Bank o...
Aadhaar card for children of NRIs: How to apply, documents required; step-by-step guideDo note that for NRI applicants, a valid Indian passport is required as proof of identity (PoI). According to the list of papers that UIDA ...
Highest FCNR FD interest rates: SBI vs ICICI Bank vs HDFC Bank vs Canara BankFor NRIs who desire to open a fixed deposit account in India, a Foreign Currency Non-Resident (FCNR) FD account is an option.
Can you convert your savings account to an NRE account?Many non-resident Indians (NRIs) manage their savings or income in India through Non-Resident Ordinary (NRO) Accounts. With this account, y...
How to convert resident savings account to NRO accountIn case customer whose status has now changed to NRI) is a joint/second holder in Resident Account then in such cases, customer need to add...
UIDAI Aadhaar: How NRI can get Aadhaar card after arriving in IndiaAn NRI with a valid Indian passport, whether minor or adult, can apply for Aadhaar at any Aadhaar Kendra. The registration process for NRIs...
Everything you need to know on taxation of NRIs under Indian Income Tax ActSection 6 of the Income Tax Act prescribes provisions for determination of residential status of an individual. Residential Status is deter...
Maritime body MUI seeks government intervention to enable seafarers qualify for NRI status"MUI has sought an urgent intervention of the Shipping Ministry of India to enable Indian seafarers qualify for the Non-Resident Indian or ...
Make Aadhaar mandatory for NRI marriages: expert panel to MEAThe NCW report commissioned in 2011, titled Laws Relating to NRI Marriages and their Impact on Women, lists the problems faced by women in ...
How to manage your bank accounts when you return to IndiaWhen an NRI comes back to India and becomes a Resident Indian, he is required to inform his bank about the change of status. Here's the low...
Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on income tax and other levies.
How NRIs can claim tax benefits under DTAANRIs residing in any of the DTAA countries can avail of benefits provided under DTAA by timely submission of residency certificate.
KYC procedure for NRI investors: Things to knowThe following steps need to be taken by NRI investors to complete KYC formalities.
- NRIs oppose Kelkar's recommendations on NOR status
A Gulf-based organisation of Indians has strongly opposed a proposal by the Kelkar Committee on tax reforms to do away with the Not Ordinar...