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Individuals who are planning to work abroad or who are of Indian origin settled abroad should know their exact status.
3 Important Financial Changes For NRIs Returning To India
Amid the worldwide COVID-19 crisis, many non-resident Indians (NRIs) lost their jobs. Especially those engaged in the service sectors like hospitality, travel or other client-facing businesses have seen pay cuts and layoffs in India as well. News reports suggest that many ...
Important Financial Changes For Nris Returning To India
Kuwait Looking To Slash Migrant Population From 70% To 30%
As a slump in oil prices and the COVID-19 pandemic hurts Gulf economies, Kuwait's prime minister said that the country's expatriate population should be more than halved to 30 percent. "The ideal population structure is to have Kuwaitis being 70 percent ...
Stranded NRIs Get Income Tax Residency Status Relief Amid Lockdown
On Friday, the Income Tax Department informed that for NRIs/foreign visitors whose stay in India was prolonged due to lockdown, the prolonged stay would not be considered for residential status calculations for income tax purposes for the financial year 2019-20. The ...
Stranded Nris Get Income Tax Residency Status Relief Amid Lo
3 Changes In Income Tax Rules That Will Impact NRIs
There are a significant number of Indians who work or have businesses outside their country of origin. NRIs (non-resident Indians) are required to pay taxes on income earned or received in India, if it exceeds annual limits set by the Income ...
Changes In Income Tax Rules That Will Impact Nris
5 Best NRE FD Accounts for NRIs
As the global economy is witnessing a downfall for over a year, most of the banks in India have trimmed down the interest rates offered on the fixed deposits. There was a time when the fixed deposits offered the best returns ...
7 Financial Tasks To Do Before You Move Abroad
Indians migrating to other countries is a common occurrence. In fact, according to a World Economic Forum report, in 2015, 15.6 million people born in India were living in outside their country of origin. It further says that the number of ...
Financial Tasks To Sort Before Moving Abroad
Now Overseas Citizens Of India Can Also Invest In NPS
On Tuesday, the Pension Fund Regulatory and Development Authority (PFRDA) issued a circular informing the addition of another category of investors to the National Pension System (NPS). Overseas Citizen of India (OCI) category of individuals will now be permitted to invest ...
Tax Laws To Follow If You Pay House Rent To An NRI Landlord
Indians who have moved abroad temporarily or permanently do not always sell-off their property before they leave. Some make strategic investments in real estate for income purposes while some rent out their inherited house. There are also foreign citizens who own ...
Tax Laws To Follow If You Pay House Rent To An Nri Landlord
NRIs Can Now Get Aadhaar On Arrival
In Budget 2019, Finance Minister Nirmala Sitharaman made the proposal of issuing Aadhaar cards to NRIs (Non-Resident Indians) after they arrive in the country. In line with the proposal, a notification was issued by the government last week informing that NRIs will ...
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