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

· 6,624 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

· 41,878 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

· 30,316 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

· 5,416 views

1 JPY to INR: Convert Japanese Yen to Indian Rupee

 apan is one of the countries that devalues its currency to maintain a healthy outflow of exports. Japan's major export industries include automobiles, consumer electronics, computers, semiconductors, copper, iron and steel. Additional key industries in Japan's economy are petrochemicals, pharmaceuticals, bioindustry, shipbuilding, aerospace, textiles, and processed foods. In a nutshell, the country thrives on exports which makes it interesting when we explore the trend of the JPY to INR exchange rate. This will help the NRIs in Japan to sort out their remittances to India.

Manoj Negi

· 18,381 views

1 SAR to INR: Convert Saudi Riyal to Indian Rupee

 Saudi Arabia houses a decent number of Non-Resident Indians and the remittances from Saudi to India has been a constant state of affairs. With the new adaptations like STC-PAY, remitting money to India from Saudi has become simpler and the NRIs there are keeping a keen eye on the SAR to INR exchange rate to find the perfect time to send money to India. In this article, we will explore the trend along the conversion of Saudi Riyal to Indian Rupee.

SBNRI Team

· 26,672 views

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