As Non-Resident Indians (NRIs) deal with the global financial terrain, they encounter unique challenges that require correct solutions and strategic foresight. Most appreciate a formal approach but still keep their distance from Financial Planning for NRIs. Complexities in financial planning for NRIs arise at every step of change that they undergo. Most issues in financialRead More
NRIs
NRIs Investment in US Dollars or Indian Rupee
NRIs Investment in US Dollars or Indian Rupee is a complex and important decision. There are several factors to consider, and making the right choice requires careful evaluation. Let’s explore these considerations together. But why would NRI investors invest? NRIs invest due to a host of factors. This can be – Diversification, Better Returns, VarietyRead More
NRIs Health Insurance in India – Tax Saving & Other Aspects
Managing finances effectively is essential for everyone, but it’s particularly crucial for Non-Resident Indians (NRIs) who want to optimize tax savings while ensuring financial security. One smart avenue to achieve this is investing in NRIs Health Insurance. We have already written on the process & the question that NRI should buy health insurance in IndiaRead More
How Parents Can Reduce TCS on Foreign Remittance on Education
We all know, that starting October 1, 2023, the new TCS (Tax Collected at Source) has increased for remitting money abroad from India under the Liberalized Remittance Scheme (LRS). These will increase the burden of TCS on Foreign Remittance on Education. Is there a way out to minimize this tax burden by proper planning orRead More
How Travellers Can Reduce TCS on Foreign Remittance on Tour Package
This is part 2 of the series – How increased TCS Rates Impact can be reduced on Remittance under LRS? We already discussed how parents of kids studying abroad can reduce the burden of increased TCS (Tax Collected at Source) through proper planning of remittance. Here we will discuss how travelers can reduce the TCSRead More
NRI Term Insurance Plan
Life is full of uncertainties and everyone wants to secure their family and their children’s future. NRIs are no different & they can also avail of NRI Term Insurance Plan in India. NRI Term Insurance Plan secures the future of your loved ones. Every Indian citizen and NRI is also eligible for this protection. TermRead More