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.
Read MoreCategory: nri Investment
NRIs stands for non resident Indian, who want to invest their money in India visit S2NRI.com. This site specially built to cater the needs of Non Resident Indians. One Point Solution for all your needs in Mumbai INDIA
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.
Read MoreTax Implications for NRI Property Investment in India
Do you know that you’ve to pay tax if you want to sell or purchase property in India from abroad?
Yes, you have to pay. Before taking any such step, you should know the property investment taxation laws for NRIs. Otherwise, your taxable money would mount a lot.
Read MoreTax Benefits for NRIs Over Real Estate Investment in India
The homesickness tends to attract non-residents in their native country. Their nostalgia compels them to plan for shifting here again after retirement. At that point, they often sweat out.
Read MoreTax Benefits for NRIs in India through PPF & NSC Investment
Smart people move ahead while securing their future. The digitization and email marketing have given a break to the monopoly of the highly educated bank and corporate officials. Now, the investment policies and plans are vulnerable to the commoners as well.
Read MoreWhat 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.
Read MoreHow NRIs Can Make More Money via Investment In India in 2017?
Are you soon settling in the foreign country?
Do you have Public Provident Fund (PPF) account and National Saving Certificate (NSC)?
If yes, you must be updated with the current update. But first, let’s catch a brief over PPF account.
Read More