For Non-Resident Indians (NRIs), managing wealth and investments back home can be challenging due to geographical distance, differences in regulations, and dynamic market conditions. A skilled NRI wealth manager based in India can be invaluable in navigating these complexities and meeting financial goals. Here’s a guide to help NRIs choose NRI Wealth Manager back inRead More
NRIs
Tax on Dividends for NRIs
Companies and mutual funds give dividends. Companies distribute dividends as a reward to shareholders to encourage them to stay invested. Dividends, as per the Dividend Discount Model (DDM), are an important metric for determining the valuation and, therefore, the company’s share price. Here are details on Tax on Dividends for NRIs. There is a significantRead More
Highlights of Main Union Budget 2024
Highlights of the Union Budget 2024 Announced on 23 July 2024- PDF Version of Union Budget 2024 – Download NPS-Vatsalya, a plan for contribution by parents and guardians for minors will be started. When the age of majority is reached, the plan can be converted seamlessly into a normal NPS account. On the other hand,Read More
Introduction to IFSC & Gift City in India
An International Financial Services Centre (IFSC) is a jurisdiction that provides financial services to non-residents and residents in foreign currencies. These centers (Like Gift City in India) are designed to offer a wide range of financial services, such as banking, insurance, asset management, and securities trading. They operate within a special regulatory framework designed toRead More
When is NRI Exempt from Filing Income Tax?
It is a reverse question: When is NRI Exempt from Filing Income Tax in India? Non-resident individuals and entities can be exempted from filing an income tax return in India under certain conditions. In most cases, as long as taxes on their income have been properly deducted at the source. But let’s check in details:Read More
NRIs Taxation on Investments in India
It is tax filing season. Residents & NRIs both need to file for the FY 2023-24. Every taxpayer should determine their residential status under provisions of Section 6 of the Income Tax Act, 1961, for the relevant financial year for taxation. The resident rules are simple but what about NRIs who have earnings in IndiaRead More