NRI Investments, NRI Taxation, TDS, Remittance, Repatriation, NRI Real Estate, RBI, FEMA, Business Set up, WOS

0 Comments
Jun 17, 2015
Read More

Understand how RBI uses UCIC to monitor and regulate NRI’s banking accounts

Until recently, NRIs were maintaining multiple bank accounts with multiple residential statuses. They would maintain one account as a non-resident to earn tax free income (NRE account) and another account as a resident to avoid any TDS and related FEMA and Income Tax compliance on local funds. Further, NRIs would also invest in equity and […]

0 Comments
Jan 05, 2015
Read More

Tax Drag – Compounding of Income Tax and Importance of Higher After Tax Return

he prime objective for investing in India is to increase the risk adjusted after-tax return. The key is the AFTER-TAX return. While an investor may think, everyone pays income tax and it is a part of the investment; tax means money out of his pocket that is not coming back. It is very important to […]