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
NRIs
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
New TCS Rates on Remittance Post Oct 01, 2023
New TCS Rates for Remittance will apply from Oct 01, 2023. Outward Remittances of beyond INR 7 Lakh, will attract a TDS of 20%. The previous TDS Rate was 5%. (Except payments made for Education or medical purposes). So let’s check the details of this new rule of 20% New TCS Rates on Remittance internationally.Read More
NRI Investment in Gold
Why NRI Investment in Gold is a good option? Gold has been a popular investment option for individuals. NRI Investment in Gold seeking to preserve and grow their wealth. Non-resident Indians (NRIs) also show interest in investing in gold due to its ability to act as a hedge against inflation and economic uncertainties. Gold isRead More
NRE FD for NRIs – Features & Details
An NRI, who looks for a safe and attractive investment avenue of investments. We know FDs provide assured returns. But for NRIs NRE FDs is a great investment tool with a minimum tax burden. Let’s analyze the benefits, and taxation of NRE FDs for NRIs. NRIs who earn abroad can consider parking their money inRead More
NRI Aadhaar Card Rules – FAQs
NRI & Aadhaar have been always a point of confusion. NRI needs an Aadhaar Card or NOT? Is Aadhaar only for Residents or it’s not? Can NRIs invest in India or open a bank account without Aadhaar… many such questions? So here we answer all of these & solve the mystery – Is Aadhaar mandatoryRead More