5 Best Demat Accounts for NRIs [Non Resident Indians] 2022

 Indian nationals and people of Indian origin are spread across the world, especially for employment. Most of them regularly send money back in India to their loved ones or invest in the Indian market. As a result, India is the top receiver of remittance in the world. Indian economy is booming and attracting high FDI (Foreign Direct Investment) inflow. Considering this, NRIs are also looking for various investment avenues in India. To invest in the Indian stock market, NRIs need to open a Demat account. In this article, we will describe the best Demat accounts for NRIs in 2021 to invest in the Indian market.

Manoj Negi

· 105,790 views

TDS on Payment to Non Residents

 Tax Deducted at Source (TDS) serves as a method employed by the Indian government for collecting taxes directly from the source of income. In the case of payments made to non-residents, TDS plays a crucial role in regulating tax compliance. Section 195 of the Income Tax Act, 1961, outlines the TDS requirement for individuals disbursing payments, such as interest or other amounts (excluding salary), to non-resident Indians (NRIs) or foreign companies. This blog post aims to provide a comprehensive guide to understanding TDS on payments to non-residents in India.

Charu Dhasmana

· 3,980 views

Should NRIs File ITR for Meagre Income?

 Income Tax Return (ITR) filing is a crucial aspect of financial responsibility for individuals, regardless of their residency status. However, a common question that arises among Non-Resident Indians (NRIs) is whether they should file ITR for meagre income earned from resources in India. In this blog, we will answer the question “Should NRIs file ITR for meagre income?” We will also explore the legal obligations, potential benefits, and the long-term implications of filing ITR as an NRI with a meagre income.

Charu Dhasmana

· 3,115 views

NRIs and foreigners traveling to India can use UPI for payments

 NRIs and foreigners can use UPI: The Reserve Bank of India, in its latest policy statement, announced that foreign nationals and NRIs visiting India will be allowed access to Unified Payment Interface (UPI) for their merchant payments (P2M). Initially, this facility will be allowed to travelers from the G-20 countries at select international airports while they are in India. Thus, people from these countries who don’t have Indian mobile numbers or bank accounts when they visit India will be able to use UPI apps like Google Pay or Paytm. So far, NRIs from 10 countries could Use UPI with an NRI account and international phone number.

Manoj Negi

· 61,631 views

NRI Quota: Eligibility | List of Colleges | Documents Required

 With the gradual increase in the number of footfalls of students from all around the globe, India has carved a separate niche in the education segment and has slowly turned into a hub. In the past, India has given the world some of the oldest universities such as Nalanda or Taxila. With time, the education system, the research capabilities and the number of universities have grown with open arms welcoming people from all geographies to learn and innovate. India has over 900+ universities and 40,000+ colleges nationwide. The Government of India (Ministry of Overseas Indian Affairs) has some seats reserved under the NRI Quota for NRI students and foreign nationals to attract more students.

SBNRI Team

· 240,526 views

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