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

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Jul 25, 2013
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Rare and Small window of Opportunity to Invest in Debt in India

Recent Steps by RBI to curb rupee depreciation (reduce gold import and tight liquidity in banking system) has led the short term rates and bond yields hit record high, giving a unique opportunity for investors to invest in debt at this level. The yield on 10 year G-sec increased from 7.10% on May 24 to […]

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Jul 23, 2013
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US-India FATCA Agreement 1: What to Expect from Bilateral FATCA agreement between the US and India

Since the Foreign Account Tax Compliance Act (FATCA) came out in 2010, US Government has already signed Bilateral Agreements with 9 countries until June 2013. The November 8, 2012 Press Release mentioned that the US is engaged with more than 50 countries (including India) to implement FATCA. After analyzing all 9 bilateral agreements entered till […]

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May 06, 2013
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Should NRIs invest in FCNR deposits with Forward Cover?

With FCNR rates regulated by RBI and volatile foreign currency market, a lot of banks have introduced and are marketing products for NRIs to generate more return on FCNR deposits. While there are catchy names used for the plans by various banks, like RupeeMax (HDFC Bank), Rupee Advantage Plan (Kotak), FCNB Premium Account (SBI), Smart […]

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Mar 01, 2013
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Union Budget 2013: Important proposals related to NRIs – Highlights Analyzed

On February 28, Indian Budget 2013 was presented in the Parliament. I have selected 15 major proposals that could affect NRIs and have analyzed them as follows: 1. Tax credit of Rs. 2,000 for Individuals with income upto 5 lakhs: The budget proposes to give tax credit of Rs. 2,000 to individuals with total income […]