NRIs

We all know the individual who wishes to take relief under the Double Taxation Avoidance Agreements (or treaties) has to qualify as a tax resident of one of the countries of the treaty. But how do you assign or determine residency? By applying the Residency Test or following the Residency Tie Breaker Rules as detailedRead More

Understanding RNOR Status & It’s Benefits

by Madhupam Krishna

Advantages of RNOR, Advantages of RNOR Status, Resident but not ordinarily resident, Resident but not ordinary resident, RNOR, RNOR Status For Merchant Navy

Many NRIs who have spent considerable time working abroad, are very keen to shift to India to spend the later part of their life. When you are coming back to India, you need to understand the financial framework & tax laws, investment rules & regulations, governing bodies & many financial institutions. To smoothen the transitionRead More

Qualifying Recognized Overseas Pension Scheme (QROPS)

by Madhupam Krishna

Benefitsof QROPS, QROPRS, QROPS Qualified Companies in India, QROPS Qualified Schemes, QROPS Transfer Process in India, Qualifying Recognized Overseas Pension Scheme, Taxation of the QROPS, What is QROPS

A Qualifying Recognised Overseas Pension Scheme Or QROPS” allows individuals who live outside the UK, or are intending to leave the UK, to transfer their UK-registered pension into an approved offshore pension scheme without deduction of UK tax. For those individuals that qualify for such a pension, a QROPS plan can provide greater flexibility, improvedRead More

Type of NRI Bank Accounts – FCNR Part 3

by Madhupam Krishna

FCNR account for NRI, FCNR B, FCNR-Term Deposit Account, FCNR-Term Deposit Accounts or scheme, FCNR-Term Deposit scheme, Foreign Currency Non-Resident Account, Non-Resident Foreign Currency Account

This is Part 3 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the FCNR Account for NRI. We are giving you complete details of NRI related bank accounts. These are: NRO Account (Click for Details) NRE Account (Click for Details) FCNR Account forRead More

Type of NRI Bank Accounts – RFC Part 4

by Madhupam Krishna

Benefits fo RFC Account, NRI RFC, Resident Foreign Currency Account, Resident Foreign Currency Account for NRIs, RFC, RFC Account features, RFC account for NRI, RFC account RBI

A resident or resident, not ordinary resident (RNOR) may require, y keep foreign currency accounts as they may have still business unfinished after their return to India. These can be done using RFC Account for NRI. Here are the details. This is Part 4 of series of 4 updated articles to update you on theRead More

Type of NRI Bank Accounts – NRE Part 2

by Madhupam Krishna

Non-Resident External Account, Non-Resident External Rupee Account, NRE account for NRI, NRE Term Deposit Account, NRE-Term Deposit Accounts or scheme, NRE-Term Deposit scheme, Permissible Credits and Debits in NRE Account, Permissible Credits in NRE Account, Permissible Debits in NRE Account

This is Part 2 of series of 4 updated articles to update you on the Types of NRI Bank Accounts. We will discuss here the NRE Account for NRI. After NRO the foremost required account is NRE Account or Non-Resident External Account. This account will have all transactions where the earning source is outside India.Read More