Tag: NRIs
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NRIs: Right here’s what it’s worthwhile to know when writing a will
Rishabh Shroff, co-partner and head-private shopper at Cyril Amarchand Mangaldas, addresses among the regularly requested questions on property planning for NRIs in an interview with Mint. Edited excerpts: When testator is a NRI Can NRIs put together a will for his or her belongings in India? When people reside abroad, they typically come into possession…
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Right here’s how non-resident Indians can open demat, buying and selling accounts
Each Indian abroad investor has to fulfill sure eligibility standards to put money into Indian shares. First, be it an Indian or a non-resident Indian (NRI), each investor has to open demat and buying and selling accounts. Opening a demat account for NRIs may be difficult when it comes to assets and time spent within…
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How NRIs can switch steadiness quantity from provident fund
What are the restrictions on transferring the steadiness accrued in an Worker Provident Fund (EPF) to an non-resident abnormal (NRO) account? My try to deposit my PF quantity into my non-resident exterior (NRE) account was rejected by the financial institution. Additionally, one of many financial institution staff stated it can’t be deposited in my NRO…
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How tax on rental revenue works for NRIs?
How is revenue from home property taxed in India for NRIs or non-resident Indians? Are there any distinct rules that NRIs should adhere to, and what’s the process for calculating taxable revenue from home property for NRIs? —Identify withheld on request There aren’t any separate guidelines for taxation of home property in India for residents…
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How NRIs are taxed on property sale beneficial properties
I’m an NRI having a flat in Pune, which I wish to promote. My father has the final energy of lawyer. What’s the process I ought to observe? What about earnings tax on capital acquire? Wherein account the cheque must be deposited–NRI/NRO/financial savings account? — Identify withheld on request Positive factors on the sale of…
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Ought to NRIs file ITR for meagre revenue?
My son has been a non-resident Indian (NRI) for about 4 years, and used to file his revenue tax returns (ITR) in India. Nonetheless, at the moment he has virtually no revenue in India aside from a negligible curiosity revenue that accrues in his non-resident unusual (NRO) financial savings account, for which tax has been…