The number of non-resident Indians (NRI) hailing from the central districts — particularly those working in Singapore and United Arab Emirates (UAE) — buying property in their native place has been going up gradually, say real estate developers here. On…
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Over 5,000 people will participate in this year’s Pravasi Bharatiya Divas (PBD) — the Indian diaspora conclave to be held in Varanasi from January 21 to 23, Minister of State for External Affairs V.K. Singh said on Friday. Briefing the…
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New Delhi, Jan 3 (PTI) Markets regulator Sebi has come out with rules for merger of foreign portfolio investment (FPI) and non-resident Indian/overseas citizens of India routes to bring in a single regime for foreign investors and regulate NRI and…
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Recently, certain reports in media were doing rounds that the printing of Rs 2000 notes has been stopped. Citing sources, a report in ThePrint claimed that to lower the circulation printing of Rs 2000 banknotes has been stopped. However, it…
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Indian American Susheela Jayapal was sworn in as a Multnomah County commissioner on Thursday, January 3. Jayapal is the first Indian American to hold an elected county office in Oregon, she is a longtime leader of nonprofit and community groups,…
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Capital markets regulator Securities and Exchange Board of India (Sebi) in April introduced eligibility norms for foreign portfolio investors (FPIs) and new know-your-customer (KYC) rules. The norms inter-alia comprised of various additional disclosure requirements and casted an onerous compliance responsibility…
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My non-resident Indian (NRI) friends want to return to India after working for 20 years in the Middle East. They are enamoured by the good life their friends and relatives seem to be living in India. They have children who…
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Under the India income-tax law, if the seller qualifies as non-resident in India during the relevant financial year, the buyer is required to deduct TDS (tax deducted at source) at specified rate (plus applicable surcharge and health and education cess)…
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As 2018 comes to an end, a quick run-down of the main tax changes implemented during the year would help us in our tax planning and saving efforts. Most tax changes are usually proposed in the Budget (presented in February)…
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A recent court ruling may help some tax evaders go scot-free for concealing foreign income or assets. At the very least, the judgement passed by the Delhi High Court earlier this month is likely to make it difficult for the…
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