The Non-Resident Indians (NRIs) living in the US, UK, Canada and Singapore can now avail the benefit of a lesser tax deduction on their Non-Resident fixed deposit with ICICI Bank, a top bank official said in Mumbai. The NRO FD Plus offers the benefit of concessional rate of tax deducted at source (TDS) under the Double Taxation Avoidance Agreement (DTAA) of India with these countries, ICICI Bank General Manager and Head NRI Services Manish Mishra said.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answers your questions on NRI investment.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
Resident individuals can acquire and hold immovable property or shares or any other asset outside India without prior approval of the RBI.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.
When an NRI returns to India, he should be aware of his tax residency status.
There have been two changes announced so far as MF taxation is concerned.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
All categories of NRI deposits saw net inflows in July.
Disclose foreign assets, redesignate NRO a/c and open a Resident Foreign Currency a/c to park forex earnings
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
India received $70 billion in remittances during 2014.
In a golden moment in Pakistan's chequered 66-year political history, President Asif Ali Zardari on Sunday left the presidency after successfully completing his five-year term, paving the way for India-born Mamnoon Hussain to take over.
Despite the slowdown, property investments can give them good returns over the long term
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
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