Reassessment Income Tax Notice to NRIs: How to Respond to it?

 Several UAE-based Non-Resident Indians (NRIs), have received an income tax notice from the Indian Income Tax Department regarding their previous investments in India. This has caused worry among NRIs about how to proceed after receiving such notices, especially when they are not familiar with Indian tax laws and regulations. However, it is essential to respond to such notices promptly to avoid any legal consequences. In this blog, we will explain how NRIs should respond to a reassessment income tax notice.

Charu Dhasmana

· 2,812 views

Mutual Funds for UAE-Based NRIs to Invest in India

 Indian diaspora constitutes the largest population of the UAE, approximately 33% of the country’s population. NRIs living in UAE can invest in mutual funds in India to achieve their short and long-term financial goals, such as the purchase of house, child’s education, retirement, etc. However, there are some important guidelines and rules related to investment in mutual funds by NRIs. They need to adhere to Foreign Exchange Management Act (FEMA) to invest in mutual funds in India. Here are some of the best mutual funds for UAE-based NRIs along with guidelines.

Manoj Negi

· 14,901 views

Mutual Funds for NRIs in Singapore to invest in India

 As India is one of the fastest growing large economies in the world, investment in the Indian stock market is a great opportunity for NRI investors to grow their wealth. Individuals with good market know-how can invest in stocks directly. However, investment through mutual funds is a more cost effective and less risky solution. All mutual fund houses allow NRIs to invest in their schemes, such as SBI mutual fund, HDFC mutual fund, ICICI prudential mutual fund, etc. In this article, we have covered some of the best mutual funds for NRIs in Singapore and other important details.

Manoj Negi

· 13,472 views

Mutual Funds for NRIs in Australia to Invest in India

 Indians are the third largest migrant group in Australia. Many Indians have been migrating to Australia for study and jobs over a couple of years. Indians in Australia, including NRIs and PIOs (Persons of Indian Origin), are eligible to apply for various financial and banking services in India, such as NRI bank accounts, investment in stocks, mutual funds and exchange-traded funds (ETFs), etc. However, unlike resident Indians, there are limited mutual funds for NRIs in Australia. NRIs who want to invest in mutual funds in India have to follow some important rules and guidelines in Foreign Exchange Management Act (FEMA).

Manoj Negi

· 12,766 views

Challenges in Doing Business in India for NRIs

 Non-Resident Indians (NRIs) have always been an integral part of India's economy. Along with large inward remittances, NRIs also bring along skills, vast knowledge and expertise when setting up businesses in India. India received the highest annual FDI inflows of $84.835 billion in the Financial Year (FY) 2022. However, despite their immense contributions, NRIs face several challenges in doing business in India. In this blog post, we will discuss some of the significant challenges faced by NRIs while doing business in India.

Charu Dhasmana

· 1,674 views

NRI Selling Inherited Property in India: Tax Implications 2023

 Becoming an NRI means staying away from one’s home country. Staying away doesn’t let you stay in the house where you spent your entire childhood. When you inherit these properties, you have multiple options. You can keep it as your retirement plan, rent it out, gift it to your relatives or sell it for good if you want to stay abroad after retirement. In this article, we will understand the elements of inherited property in India and the tax implications for an NRI selling inherited property in India and other related aspects.

SBNRI Team

· 153,274 views
    Copy link
    CopyCopied
    Powered by Social Snap