Returning Indians
Returning back to one’s native after a considerable stint in a foreign country can be a major decision of one’s life and needs a lot of considerations. Nevertheless, once you have decided to come back, […]
Tax Residency Certificate for non-residents
Taxability of any income under the Indian Income tax Act, 1961 (‘the Act’) depends primarily on residential status of a person. For instance, a person considered as Resident and Ordinarily Resident under the Act is
DID YOU KNOW ?? – Long term capital gains to a non-resident are taxed at flat rates without any benefit of basic exemption limit
Imagine a situation where Mr. A, a non-resident, had purchased 100 shares of ABC Ltd. on a recognised stock exchange on 08.06.2016 for Rs. 550 per share. Today the price of shares of ABC Ltd.
FATCA / CRS – A quick read
The Government of the United States of America (USA) enacted Foreign Account Tax Compliance Act (‘FATCA’) in 2010 with an intention to curb tax evasion by U.S. citizens and residents maintaining accounts in foreign countries
Overseas Citizens of India now permitted to invest in NPS
The Pension Fund Regulatory and Development Authority (‘PFRDA’) passed a circular On 29.10.2019, allowing Overseas Citizen of India (‘OCI’) to subscribe to the National Pension System (‘NPS’) in India. This came after a notification was
Overseas Citizens of India now permitted to invest in NPS Read More »
Bank accounts by NRIs in India
Regulations relating to maintenance of bank accounts by Non Resident Indians (‘NRIs’) are governed by the Foreign Exchange Management Act, 1999 (‘FEMA’). An NRI is an individual resident outside India (as per FEMA) who is
Settlement money on Insurance policies – FEMA and Income tax in India
Many NRIs prefer having insurance policies in India with a planning that they may eventually settle down in India. Also, many would have already taken insurance cover before moving abroad. This write-up covers the broad
Settlement money on Insurance policies – FEMA and Income tax in India Read More »
NRI investment in securities – FEMA and Income tax in India
Shares and securities form one major avenue for investment by NRIs. In this article, we wish to give a general overview of two major economic laws i.e. FEMA and income tax in India via-a-vis investment
NRI investment in securities – FEMA and Income tax in India Read More »
NRI Investment in residential house in India – FEMA and Income tax implications
October 16, 2019 Almost all NRIs wish to have atleast one house in India either as part of their investment planning or out of attachment to the motherland and a hope that they may settle
NRI Investment in residential house in India – FEMA and Income tax implications Read More »