Withdrawing 401k from India and the associated tax implications

 With the recent good news in the Union Budget of 2021-22 concerning no double taxation on retirement accounts for NRIs, withdrawing 401k from India has become easier now. Many tax difficulties and struggles have been eased out. NRIs in the United States of America are often worried about what to do with their 401k if they move back to India, especially focusing on how to withdraw 401k from India keeping in check that they don’t end up paying double taxes. In this article, we will focus on the aspect of 401k withdrawal from India while understanding the tax implications in all the possible cases once you cross the threshold age of 59 and a half (59½).

SBNRI Team

· 58,444 views

Admission Process in CBSE Schools for NRIs Moving to India

 Child’s education is one of the major concerns for NRIs returning to India for good. The shift in curriculum from an abroad based education system to the Indian education system isn’t easy. Being parents, you need to assure a proper education for your children and the CBSE School Admission process for NRIs moving to India needs to be understood thoroughly in order to ensure that. Admissions aren’t easy. Especially in a country with approximately 1.33 billion people.

SBNRI Team

· 77,316 views

Gift from USA to India: Taxation and Exemptions

 India being the land of festivities has a constant inflow and outflow of gifts. A gift from USA to India or gifts from India to USA complements the emotional quotient of the people in these two countries who are staying apart but keep on sending happiness in boxes to each other at a magical frequency. Now, these boxes are metaphorical! Well, some are literal too. But most of these gift exchanges happen online in the form of bank transfers, real estate, shares etc. In this article, we will discuss the angles around gifts to India from USA and Indian gifts to USA focusing on the taxation and exemptions provided under the NRI Gift Tax Rules.

SBNRI Team

· 35,651 views

Grip Invest Review India: App, Product & Competitors

 Fixed deposits, mutual funds, shares, and even cryptocurrency are the most common investment avenues in India. However, all of them are market-linked investment options and have a component of volatility. Moreover, the fixed income options don’t always offer real inflation-adjusted returns. This is where Grip Invest comes into play, allowing investors to access high-yield, fixed income products like lease financing and inventory financing. Here is a complete Grip Invest review, including what it offers, pros and cons, and risk linked to investing through Grip Invest.

Manoj Negi

· 10,713 views

Property Share Review (Online CRE Investment Platform)

 Over the past few years, commercial real estate has become one of the most sought-after choices of investment in India owing to benefits like passive income, potential long-term appreciation and customized diversification of the investment portfolio. Founded by a team of highly skilled professionals with considerable experience in institutional real estate investing and technology, Property Share is an online commercial property listing platform that allows users to invest in pre-leased commercial properties.

Manoj Negi

· 9,961 views

NRIs can Use UPI with NRI Account and International Phone Number

 After a roaring success of Unified Payment Interface (UPI) among resident Indians, National Payments Corporation of India (NPCI) has issued new guidelines allowing NRIs from 10 countries to access UPI using their international mobile numbers as well. NPCI’s move will benefit millions of NRIs while conducting transactions in India. As per the NPCI’s new circular, Non-Resident Indians can use UPI with NRO/ NRE accounts and international phone number.

Manoj Negi

· 36,424 views

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