Here is the list of things that NRIs should keep in mind while investing in real estate in India. – NRIs have no restrictions on how many commercial or residential properties they can own in India. However, repatriation of sale proceeds can only be done for two units. – NRIs can invest in real estate [...]
Investments
Gold is one such asset as its value is universally recognised. Gold has usually shown a steady appreciation in value and can be easily converted to cash. ICICI Bank ‘Pure Gold’, imported from Switzerland, comes with a promise of 24-carat, 99.99% purity in a tamper proof packing. ‘Pure Gold’ is assay certified, signifying the highest [...]
Interest on the NRE and FNCR account is non-taxable (exempted from tax) in India. However, interest earned on the NRO account is taxable as per Indian taxation guidelines.
Under FEMA guidelines, here are the Investment facilities for NRIs on repatriation and non-repatriation basis. Also checkout the available banking Tax Benefits available to an NRI. NRI Investments on repatriation basis Government dated securities / Treasury bills Units of domestic mutual funds; Bonds issued by a public sector undertaking (PSU) in India. Non-convertible debentures of [...]
Income earned outside India is not taxable once the status of an NRI is achieved. NRI status confers tax exemption on all income earned and received outside India. That is, NRI income is not taxable in India, but an NRI is liable to pay tax for the income earned in India. Also, money remitted as [...]
No, As per RBI rules NRIs are not permitted to invest in Small Savings Schemes or Public Provident Fund (PPF). Public Provident Fund (PPF): A government-guaranteed fixed income security, this is very apt as a long-term savings instrument. Small saving Schemes: It is a money savings option provided by both the Indian Government and non-governmental [...]
