How can NRIs file TDS Returns on Sale of Property in India?

 The process of selling a property in India can be complicated for Non-Resident Indians (NRIs), especially when it comes to complying with Indian income tax laws. NRIs selling property in India are required to file TDS returns, and failure to comply with these regulations can result in penalties. If you are an NRI looking to sell a property in India, it is essential to understand how NRIs can file TDS returns on sale of property in India. In this blog, we will outline the process of filing TDS returns for NRIs.

Charu Dhasmana

· 3,432 views

South Indian Bank NRE Savings Account: Online Application

 South Indian Bank NRE Savings Account is exclusively designed to cater to the banking needs of Non-Resident Indians (NRIs) and Person of Indian Origin (PIOs) who wish to maintain their foreign currency savings in Indian Rupees. Interest earned on an NRE savings account is not taxable in India. In this article, we'll explore the features and benefits, account opening process, documents required, interest rates, and minimum balance requirements of the South Indian Bank NRE Account.

Manoj Negi

· 4,069 views

5 Investment Options for NRIs from Singapore

 There are various investment options for NRIs based out of Singapore to invest in India. Whether it's managed farmlands, mutual funds, stocks, commercial real estate or government bonds, there are plenty of choices to suit different investment goals and risk appetites of investors. In this blog, we will take a closer look at the top 5 investment options for NRIs from Singapore and discuss in detail about them.

Charu Dhasmana

· 2,339 views

Things NRIs should Keep in Mind When Investing in Mutual Funds

 Before a few years, NRIs would only invest in fixed deposits and real estate. Since India is on its way to becoming a superpower in the world economy, NRIs have already started exploring other investment options in India, such as mutual funds, liquid funds, direct equity, bonds and government securities, etc. Investing in mutual funds gives NRIs opportunities to build a diversified portfolio of equity and debt in India, their home country. The investment process is online, can be done at any time and from anywhere. Moreover, NRIs can easily offset the losses on one currency with the gains on the other, from the comfort of their home. As an NRI investor, you need to abide by certain limitations and rules for safe and profitable investment. Here are things NRIs should keep in mind when investing in mutual funds in India.

SBNRI Team

· 11,326 views

Closer Scrutiny on Tax Filings of NRIs

 The income tax department is closely examining the tax filings of non-resident Indians (NRIs) due to suspicions that some may have failed to pay the required taxes. Numerous NRIs have reportedly received notices from the tax authorities asking them to correlate the funds in their bank accounts or investments made by them, with the incomes reported in their tax filings. In many cases, these notices have been sent under Section 148(A) of the Income Tax Act, indicating that the authorities believe that certain income has escaped assessment and that more tax may be due.

Charu Dhasmana

· 4,478 views

Top 10 Mutual Fund Companies in India for Investment in 2023

 Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, and other securities. In recent years, a large number of people in India, as well as NRIs, are shifting their investments towards mutual funds. There are many mutual fund houses in India. Each fund house provides different schemes for investors to choose from depending on their investment goals. Let’s look at the top 10 mutual fund companies in India.

Manoj Negi

· 4,107 views

What are the uses of a PAN Card for NRIs?

 Today, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are spread across the globe. According to a report by the United Nations, India had the largest diaspora population in the world with 18 million people living outside India till 2020. A PAN (Permanent Account Number) Card is mandatory not only for resident Indians but also for NRIs who wish to invest in India or have any Indian income. Let’s understand the uses of a PAN card for NRIs and OCIs.

Manoj Negi

· 30,003 views

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