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NRI FULL FORM
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...
Why taxing NRI property transactions deserve attention in the upcoming BudgetBudget 2026 Expectations: Buying property from Non-Resident Indians creates tax hurdles for buyers. Current rules demand extra registration...
NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand noticeAn NRI faced tax issues after a property sale in Pune for Rs 2 crore. The buyer used the wrong TDS form (26QB), causing problems. The Incom...
NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. ...
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...
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...
Non-repatriable investments will now be treated at par with domestic investments by resident IndiansWhen an NRI invests in India, she has to mention in the KYC form whether the funds will be repatriable or not. As the name suggests, non-re...
SC tells CBDT to address NRI tax fearsDosa chain Saravana Bhavan moves Madras HC after being turned away from Income Tax Settlement Commission
How to get NRI Home Loan in India?ICICI Bank allows borrowers to avail of NRI home loans with floating or fixed interest rates.
Government prepares draft national policy for women empowerment with focus on education and nutritionThe Women and Child Development Ministry has prepared the draft policy after receiving suggestions from various stakeholders, a source said.
RBI expresses concerns over FPI-NRI route mergerAs per RBI rules, an FPI can hold up to the sectoral cap applicable in a company.
Preparations in full swing for 'Uttar Pradesh Pravasi Diwas'UP government is organising this event for exchange of knowledge and information among the NRIs and PIOs (Persons of Indian Origin).
Thanks to NRIs, 3 small Gujarat villages each have Rs 2,000 crore bank depositsResidents of these villages are settled mostly in countries like Kenya, Uganda, Mozambique, Tanzania, South Africa, the UK and Australia.
How NRIs can claim TDS exemptionAny claim for reduced rate of TDS or exemption from TDS will be available only if you have a Permanent Account Number (PAN), so make sure y...
- 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...
- Citi's toxic assets six times of Indian banks' total m-cap
The US banking behemoth Citigroup has got risky assets worth $306 billion -- a figure equivalent to over half the total assets, nearly six ...
- Wealth managers court Indian diaspora
According to a World Bank study, India gets the largest remittances in the world-$27 billion per year. 7 ways to avoid the growth traps
- Nations should take firm stand against terror: Prez
Observing that disruptive activities of terrorists posed a serious threat to world peace, President Pratibha Patil said it is imperative fo...