Irdai has been engaging with various stakeholders to ensure robust development and smooth implementation of its supervisory framework for the interest of the public.
One can save long-term capital gains up to Rs. 50 lakh by investing in bonds of specified financial institutions within six months from date of sale of asset. Amount transferred to wife’s account may either be treated as...
Banks normally lend about 75-90 per cent of the value of the property as loan. Persons of Indian Origin above 18 years of age can invest in NPS. If stamp duty value is higher by more than 10 per cent of the agreement value,...
The I-T Department clarified that NRIs must update their residential status with supporting documents to reactivate their PANs. It also urged disclosure of foreign assets while filing ITR
A recent survey indicates that a majority of non-resident Indians (NRIs) believe India offers better investment returns. Read on to know how NRIs overcome the challenges of investing in India
If an SCSS account is closed after a year but before two years, 1.50 per cent of the deposit is deducted; likewise, banks may reverse the interest credited to a matured account but not closed
EPF is entirely tax-exempt, but only 60 per cent of the corpus in NPS is tax-exempt. Deduction under Section 80TTB is not available on NSC. Only interest credit in NRE account is tax-exempt for NRI
The donor has to pay the applicable stamp duty on the property that is to be transferred to the recipient as gift. Non-resident status is determined differently under FEMA and Income-tax Act. Gift received from grandfather...
To file your income tax return with the ITR-1 Sahaj form, you would need Form 16, house rent receipt (if applicable), investment payment premium receipts (if...
The pilot project, to be launched later this year, when fully implemented, would be a big relief to thousands of Indian tech professionals in the United States.
A majority of non-resident Indians have said that deduction of 20-23 per cent tax at source is a huge dampener while selling property, and it should be...
The National Payments Corporation of India (NPCI) in a circular said it has been receiving requests for allowing non-residents to use international mobile...
Deduction under Section 80E only available for interest paid on education loan. You need to deduct tax while making payment to a non-resident during purchase.
Non-residents (NRs) get partial relief after CBDT extended the time to file form 10F until March 31, 2023.
Alternative investment funds (AIFs) are established in India to raise capital from Indian, foreign, or non-resident Indian investors by issuing units.
The norms for buying term insurance have been relaxed for non-resident Indians (NRIs) and the plans have become more accessible through telemedical checkups....
Police suspect the businessman jumped off the 10th-floor balcony on Saturday afternoon.
India's exports to the GCC member countries grew by 58.26 per cent to about USD 44 billion in 2021-22, as against USD 27.8 billion in 2020-21, according to...
Non-Resident Indians (NRIs) can open fixed deposit accounts in India in various foreign currencies, such as the US dollar, UK Pound, Euro, etc., tax-free.
Aided by the strengthening US dollar, more and more non-resident Indians (NRIs) are looking at the current favourable real estate market conditions in India...
In case you make a gift to your spouse, the income is required to be clubbed with your income. Income from NRE PIS account is not tax-free for an NRI
Fifty-four per cent of non-resident Indians (NRIs) seek 3BHKs, 23 per cent prefer 4BHKs, and 22 per cent want to buy 2BHKs, finds a survey
A good NPS fund manager will ensure a large retirement corpus. That’s why it’s important to choose the right fund manager when investing in the National...
If you are a non-resident Indian (NRI) and want to invest in India and also take home your profits subject to the fulfilment of certain conditions and...
On Monday, a history-sheeter with at least seven major crimes against his name, including murders, abduction, and extortion, and against whom the stringent...
