Long Term Capital Gain Tax on Sale of Property in India

 If you are planning to sell a property in India, you must be aware of tax implications on the gain arising from the sale of such assets. Tax liability on these assets depends on the duration for which the property was held by the seller and is calculated under the head ‘Capital Gains’. Capital gains are classified into two categories - long-term capital gains and short-term capital gains. For example, you will have to pay long term capital gain tax on sale of property held for more than 2 years.

Manoj Negi

· 9,604 views

Debt Funds are not Eligible for LTCG Tax Benefits from April-23

 The government introduced amendments to the Finance Bill 2023. In a setback to debt mutual fund investors, a proposed amendment to the bill was removing the long-term capital gains (LTCG) tax benefit from debt mutual funds. Hence, any capital gain received on investments made after April 1, 2023 in Non-equity mutual funds (Funds which have more than 36 months investment in debt) will not be eligible for long term capital gains taxation benefits.

Manoj Negi

· 1,725 views

FEMA Guidelines for Inward Remittance

 When a relative abroad sends you money, and it gets deposited into your Indian bank account, it is considered as an inward remittance. Each country has its own set of rules and regulations to regulate such types of foreign remittances. For instance, in India, the FEMA (Foreign Exchange Management Act) under RBI (Reserve Bank of India) outlines the rules and regulations for inward remittances. This blog explains inward remittance and FEMA guidelines for inward remittance to help you safely and swiftly send money to India.

Charu Dhasmana

· 13,942 views

Which Trading Account is Best for NRIs in 2023? SBNRI

 Best NRI Trading Account in India: Despite the recent volatility and dull phase in Indian equity markets, the country’s long-term growth story remains intact. Indians staying overseas can take advantage of the high growth back home by investing in stocks and mutual funds in India. Indian stock brokers are also wooing NRIs with attractive services like Zero AMC NRI Demat Account, 3-in-1 NRI Trading Account and Low Brokerage NRI plans. NRIs need a trading account to invest in the stock market-listed companies in India.

Manoj Negi

· 38,085 views

NRO Account Minimum Balance Requirements

 NRIs need to open an NRO (Non-Resident Ordinary) account if they are earning income in India in the form of a pension, dividends or rental income. When looking for a bank to open an NRO account, there are a lot of options available in India. However, when deciding a bank to open an NRO account, you should look at important parameters like NRO account minimum balance requirements, interest rates, presence of the bank, among others.

Charu Dhasmana

· 2,351 views

How to Use UPI in UAE?

 From 30th April, NRIs from the UAE will no longer need an India mobile number to use phone payment apps. They will be able to make instant payments using the UPI-based apps. Wondering how? That is because the National Payments Corporation of India (NPCI) and Mashreq Bank’s NEOPAY have partnered to enable UPI-based payments in the Gulf Nation. Having UPI as one of payment methods will be beneficial for the large population of NRIs residing in the UAE. In today’s blog, we will further discuss how to use UPI in UAE, process, UPI’s benefits, etc.

Charu Dhasmana

· 27,682 views

Types of Mutual Funds in India

 Investing in securities such as stocks, bonds, money market instruments, and other assets is done through a mutual fund. It is a professionally managed investment scheme that pools funds from numerous investors. Professional money managers manage mutual funds, allocating the assets in an effort to maximize investors' returns through capital gains or income. The investing objectives outlined in the prospectus of a mutual fund are reflected in the portfolio's structure and upkeep.

Manoj Negi

· 1,728 views
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