Investment

Tax, TDS & Return Filing Benefits of NRI Investment In India

India has shown potential to grow exponentially. Now, the non-resident diaspora is also turning its head towards this country. It’s just because of the leverages and tax benefits on the NRI investment services in India. If you look at the country’s fiscal policy, this community, including OCIs (Overseas Citizens of India) and PIOs (Persons of Indian Origin), can delve into the non-repatriable investment. It offers an amazing opportunity to save millions of currencies.

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Investment

Remittance Rules Are Crucial in India’s NRI Investment Law

Do you invest in India from abroad?

Or, do you transfer money from your NRO or NRE account from a foreign country?

Making transactions from any bank in the world is permissible. But, you need to know the related rules and regulations. You can remit hundreds to millions of rupees. But at the same time, you should know your transaction limits and taxability. If you want to save your money, you should know about the remittance guidelines.

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NRO-Account-897x576

What Do You Need To Require for Opening NRO Account?

If you’re going to the foreign country, check your bank status.

Have you changed it?   

Do you know the overall changes that you require to do with your bank account books?

First, you should know about the NRO account. It stands for the Non-Resident Ordinary (NRO) Rupee A/c. It is a necessity to close any kind of saving, current or fixed account. But you need to have an account called the NRO a/c. Rather than closing an old account, you should change it into this one.

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