However, under the new provisions, OCI cardholders need to carry their new passport.
The Reserve Bank of India has allowed investments by NRIs or Persons of Indian Origin in the capital of an entity or a proprietary concern on a non-repatriation basis, subject to certain norms.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answers your questions on NRI investment.
"Workers in acute distress, medical cases, pregnant women, the elderly and the group of Indians stranded in Dubai Airport," are likely to get first priority when the government resumes services for repatriation, he said.
Rise in NRI deposits pushed up India's per capita external debt by 17.55 per cent to Rs 21,493 in one year period ending March 2014, government said in the Rajya Sabha.
Both NRIs and those who make payouts on sale of property need to understand the TDS provisions that are applicable or risk punishment, warns Sanjay Kumar Singh.
If the view is that rupee will depreciate, hedge your exposure by using forward cover
The Supreme Court on Monday sought reply from PricewaterhouseCoopers as to why the non-resident company should not pay advance tax on fee charged by it for providing services in India.
Anyone can make tall promises and it is very easy to accept these promises if they guarantee even an iota of betterment for you, for your existence. Even if these new promises and assurances are accepted with a pinch of salt and discount the actual execution to 50%, even then the Bihari voter will be content, observes Asmita Bihari.
Singapore is the favoured destination as it has traditionally had a stable fund management regime; also, its tax treaty with India is similar to that of Mauritius
The industry chamber is in favour of reopening schools and educational institutions, allowing foreign carriers to operate, permitting usage of restaurants and eateries in hotels, opening up of cinemas and multiplexes, and reopening metro rail services.
The run in equities, coupled with high interest rates, makes both the debt and stock markets attractive.
Sun gets RBI nod for transfer of Ranbaxy overseas investments.
Hopes soar on currency gaining more if Modi becomes the Prime Minister.
$5 mn FDI must come in six months: Govt to construction firms.
The Supreme Court will decide whether a non-resident company is liable to pay advance tax on fee charged by it for providing services in India.
Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts.
If you are a Bihari, you come with built-in patience and acceptance, points out Asmita Bihari.
Samples of these seven passengers have been sent to the ICMR-NIV Pune lab. Samples of four other passengers tested earlier have been confirmed to be negative for nCoV by the lab.
Experts said the rules will help curb market manipulation and money laundering, which could take place during the transfer of shares between residents and NRIs.
In 2016, there were 580,000 Indians in the US as resident non-immigrant. Of these, 440,000 were temporary workers, which includes those on H-1B visas and 140,000 were students.
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.
The new ITR forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions.
India's sovereign debt is much lower than that of other emerging economies like Argentina, Indonesia, Mexico, the Philippines, and South Africa.
According to the Income Tax Act, there are two main benefits available for senior citizens. First, a higher exemption limit of Rs 1,95,000 for someone who has crossed 65 years. Also, there is a higher deduction of Rs 20,000 available for payment of premium for a medical or a health insurance policy.
Ruling out any provision for a Non-Resident Indian nominee in Indian Parliament, Minister for Overseas Citizens Vayalar Ravi has asked the diaspora to make 'intellectual' contribution to their motherland along with financial investments.
The rising rupee and the cap on interest rates has hit the flow of non-resident Indian (NRI) deposits into the country. Banks such as ICICI Bank and HDFC Bank are promoting the repatriable non-resident ordinary (NRO) rupee deposits in an attempt to attract NRI depositors.
The bank raised the interest rates on Non Resident External rupee deposits of one year to less than 2 years to 3.08 per cent from 2.49 per cent, two years to less than three years to 3.18 per cent from 2.5 per cent and three to five years to 3.45 per cent from 2.81 per cent. Similar hikes have been made in Foreign Currency Non Resident deposits held in dollars, pound sterling, Euro, Australian dollar, Canadian Dollar and Yen.
Non-resident Indians are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
'Barber shops and salons will be allowed to open, but spas will remain closed'
FDI of $500 million will come into the country with the Cabinet Committee on Economic Affairs clearing a proposal of the GVK Power and Infrastructure Ltd to issue over 78 lakh shares to NRI shareholders of its sister concern GVK Industries Ltd.
These situations require mandatory filing of Income Tax Return as per the provisions of the Income Tax Act, 1961
Decoding four important provisions in the Finance Bill 2018.
Pratip Chaudhuri said such bonds might expose issuing entities (banks) to class action suits in the US for making an offer to a specific ethnic group in that country.
The swap windows were closed on November 30.
Chirag Paswan is young. He is articulate. He has no political baggage. All he needs is the blessing of Chanakya, observes Asmita Bihari.
