Recently, due to volatile rupee and favorable currency exchange rates, Banks have been aggressively marketing...
Tags Bank, Compliance, Conversion, Exchange Rates, FCNB Premium Account, FCNR, FD, FEMA, Financial Account, Foreign, foreign exchange, forex, Forward, forward contract, forward cover, HDFC, HDFC NRI, HDFC RupeeMax, ICICI, ICICI NRI, ICICI Rupee Plus, Income Tax, India, IndusInd, Investment, Kotak, NRE, NRI, NRI Investment, NRO, OCI, PIO, Premium Rupee Plan, RBI, Rupee Advantage Plan, Rupee Multiplier, Rupee Plus Plan, Ruppe Max, SBI, Tax, Yes Bank
On August 14, 2013, RBI made 5 important changes to address the depreciating rupee. Whenever...
Tags Bank, currency, FCNR, FD, FEMA, Financial Account, financial institution, foreign exchange, Income Tax, India, Investment, IRS, Liberalized Remittance Scheme, LRS, NRE, NRI, NRI Investment, NRO, OCI, PIO, RBI, Tax
With FCNR rates regulated by RBI and volatile foreign currency market, a lot of banks...
On February 28, Indian Budget 2013 was presented in the Parliament. I have selected 15...
Tags Additional interest, Budget, Budget 2013, Budget and NRI, Budget Highlights, Capital Asset, Commodity Transaction Tax, CTT, Customs, DDT, distributed earnings, Dividend Distribution Tax, Duty free gold, Highlights, Income Tax, India, Investment, Investment Allowance, NRI, NRI Investment, royalty, rupee denominated infrastructure bonds, Securities Transaction Tax, Service Tax, STT, surcharge, Tax, TDS, TDS on immovable property, Urban Land, Wealth Tax
A lot of NRIs have shown interest in transferring funds from NRO to NRE since...
I have been receiving lot of inquiries whether to transfer, when to transfer, whether to...
Tags Bank, CA, Certificate, DTAA, FD, FEMA, Finance Act, Gain, Income Tax, Income Tax Return, India, Interest, Investment, ITR, NRE, NRI, NRO, NRO to NRE, OCI, Penalty, PIO, Premature Withdrawal, RBI, return, Tax, Tax drag, Tax rate, TDS, TRC, Update, Withdrawal penalty
RBI and Indian Government Agencies have made a lot of changes affecting NRIs and NRI...
As per RBI’s notification RBI/2011-12/536 dated May 7, 2012, NRIs are eligible to transfer funds from NRO account...