Form 15CA and 15CB for Remittance of Money to NRIs

 Many Non-Resident Indians have money in India that they want to send abroad to their overseas account. Outward Remittance or Repatriation is the answer to the question “How can NRIs send money abroad from India?”. As we have established earlier under Non-Residents and their Bank Accounts that NRIs can maintain the income generated from India such as rent from property, pension, gains from investments etc. in their Non-Resident Ordinary (NRO) Account. Now, this money can be transferred to their overseas bank Account following the regulations of Reserve Bank of India (RBI). This process of sending the money generated in India to the overseas bank accounts of the NRIs is called Repatriation and the medium through which the funds are transferred is called Outward Remittance. In this article we will understand this medium of repatriation in detail

SBNRI Team

· 82,364 views

Section 195 of Income Tax Act – TDS on NRIs

 Section 195 of the Income Tax Act, 1961, outlines the provision for TDS in cases where an individual makes a payment, such as interest or any other non-salary amount, to a Non-Resident Indian (NRI) or a foreign company. NRIs, who earn income in India, are also required to file their tax returns in India. Additionally, they have the option to claim the TDS amount deducted when they file their tax returns. Continue reading for further information regarding Section 195 of Income Tax Act.

Charu Dhasmana

· 4,460 views

Indian Mutual Funds for NRIs from USA / Canada

 Unlike NRIs from other countries, USA/Canada NRIs are faced with certain cumbersome compliance requirements under FACTA (Foreign Account Tax Compliance Act) to invest in mutual funds in India. Nevertheless, many mutual fund houses allow NRIs based in the USA and Canada to invest in India in a hassle-free manner, but the options are limited. Let’s look at the mutual funds for NRIs from USA/Canada to invest in India.

Manoj Negi

· 38,355 views

Top Mutual Fund Apps in India: Investing Apps 2023

 In this growing digital world, investing has become easy and accessible with a single click on one's mobile phone. As the number of investors are increasing, investment apps are coming up with attractive and innovative solutions that cater the needs of people. However, there are so many investment apps in India which makes it difficult for a first-time investor to choose the right platform. This is precisely why we have curated a table of the top 8 mutual fund apps in India. If you are looking to invest, make sure to read this article till the end.

Charu Dhasmana

· 20,775 views

Difference Between NRE and NRO FD

 NRI Fixed Deposits (FDs) are one of the most popular NRI investment options in India, offering NRIs a secure and predictable return on their savings. There are two primary types of FDs available: NRE Fixed Deposit and NRO Fixed Deposit. While both NRE and NRO FDs cater to the specific needs of NRIs, they differ in terms of their purpose, taxation and repatriability. In this blog, we will delve deeper into the differences between NRE and NRO FD.

Charu Dhasmana

· 3,687 views

Want to read more?

Get ready to be enlightened!

    Copy link
    CopyCopied
    Powered by Social Snap