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NRE FULL FORM
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
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...
Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
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...
NRIs returning to India: 6 tax mistakes that can haunt you years later & how to avoid themReturning Indians face significant tax challenges, often experiencing 'return shock' due to complex rules on residency, overseas income, an...
Dubai-based taxpayer gets I-T notice for unexplained investment in Rs 2 crore Mumbai property; he fights back and gets relief from ITAT MumbaiMan returns to Mumbai with Rs 2 crore savings after working in Dubai, United Arab Emirates (UAE) for 20 years to buy property; tax dept sen...
Income tax guide for NRIs returning to India from abroad: Here’s how to understand your tax liabilities for smoother transitionIf you’re planning to settle in India, understanding how your tax residency status changes is as important as getting your shipping contain...
Plan to become an NRI to save tax? You may still come under tax scannerA recent ruling providing tax relief to NRIs on MF capital gains has taxpayers mulling a move abroad, but the tax authorities are watching ...
Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...
What is the difference between NRE and NRO accounts?Money in NRE accounts is also impacted by fluctuations in exchange rates, unlike funds in NRO accounts, which are safe from such volatiliti...
NRI money guide: 5 mistakes to avoid when using NRE/NRO accounts and how to manage your funds betterNon-Resident Indians (NRIs) often face challenges managing NRO and NRE accounts. Mishaps include using incorrect accounts for funds, exceed...
ICICI Bank branch manager forged signatures, siphoned off 'Rs 11.95 crore' by transfer and cash, alleges the customer; case in EOW's netICICI Bank branch manager commits fraud: A branch manager of ICICI Bank has forged the signature of a customer with the intention to commit...
UPI payment for international travellers: Eligibility, documents required, other key details to knowThe Reserve Bank of India (RBI) announced the extension of UPI to allow visitors from G20 countries to use it to make merchant payments whe...
In-bound travellers visiting India can now make local payments using UPITo start with, it will be available to travelers from G-20 countries, at select international airports (Bengaluru, Mumbai and New Delhi). E...
Can NRI LIC policyholders apply for discounted IPO shares?NRI policyholders or other policyholders residing out of India cannot apply under Policyholder Reservation Portion. Here what NRIs who want...
Meeting on preparation of Register of Indigenous Inhabitants of Nagaland decided to form a Joint Consultative CommitteeThe committee will be headed by the Nagaland Home Commissioner, Commissioner Nagaland as the Member Secretary and representatives from Cent...
RBI expresses concerns over FPI-NRI route mergerAs per RBI rules, an FPI can hold up to the sectoral cap applicable in a company.
What changed your markets while you were sleepingLet’s check out what all might matter to Dalal Street through the day.
- Kerala NRI funds rise, but tide may turn say bankers
NRI deposits at the end of the first half of this fiscal touched Rs 31,585 crore, which reversed the declining trend in NR deposits. NRI re...
- Remit2India offers better exchange rates for NRIs
Remit2india, the largest independent online money transfer portal for non-resident Indians (NRIs), has introduced a promotional campaign th...