Who is an OCI?
OCI vs NRI vs PIO? Here is all you need to know about the different statuses Ever wonder what happens to your legal standing and rights as an Indian citizen when you live overseas for a while? Or if you…
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Choosing the right Partner for Managing your Assets in India
Most Non Resident Indians (NRIs) keep a portion of their assets in their home country, acquired as an investment or as inheritance. This allows them to keep in touch with their home land, as well as, benefit from the appreciation…
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How to open an NRO account
A non-resident Indian can access earnings in India through a nonresident ordinary (NRO) account. Earnings in India could be in the form of rent, dividends, interest, pension, among other sources. An NRO account can be opened in the form of…
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Indian Taxation: CBDT issues clarifications for NRIs
Central Board of Direct Taxes (CBDT) has released clarifications in the form of frequently asked questions (FAQs) addressing some such matters and those relevant to NRIs are summarised below: If you are a non-resident of India (NRI), you need to…
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New PAN card, Aadhaar rules: 5 things to know about the Union Budget 2019
5 things to know about the budget announcement Those who do not have PAN card will be able to file ITR by quoting Aadhaar card number Quoting and authentication of PAN/Aadhaar shall be mandatory for certain prescribed transactions Under the…
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What’s New In Tax Filing ?
The tax season is back with a bang. This is the time when salaried individuals start getting their Form 16 TDS certificates from employers and business people get reminders from their chartered accountants to prepare for tax filing. As of…
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Key changes in ITR-1 and ITR-2 forms for FY 2018-19 that you need to know
The income tax return (ITR) forms for FY 2018-19 notified by the government are different from those used to file the previous year’s returns. Some of the changes in the forms have been done in keeping with the changes in…
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How should NRIs invest – Rupee or Dollar?
Non-resident Indians have a plethora of investment options and have to choose the one that suits them best.Every NRI has surely been troubled by this question: should I invest in India or should I not? A complex cocktail of emotions…
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ITR Filing 2018-19: Guideline For NRIs To File Taxes In India
Tax filing season has already begun and the due date to file your ITR for FY 2018-19 is set at July 31, 2019. As taxpayers are getting their financial documents ready to file their ITR, NRIs also wonder whether or…
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