Singapore does not levy any tax on capital gains; NRIs there, however, have to pay tax in India and file for refunds.
5 min read26 Feb 2024A complex documentation process for opening demat accounts is hindering their participation
8 min read16 Jan 2024NRIs must have a NRO or NRE bank account to invest in Indian mutual funds, as AMCs cannot accept foreign currency investments. All investments by NRIs are made in Indian Rupees.
2 min read5 Jan 2024Nithin Kamath proposed on social media the idea of extending online onboarding to NRIs seeking to invest in India. Given that online onboarding has significantly boosted retail participation in the Indian markets, Kamath believes it could similarly enhance NRI investments.
3 min read17 Nov 2023NRIs should draft two separate wills, one for global assets and another for Indian assets, to ensure they are distributed according to their wishes
7 min read23 Jun 2023For income generated in India, non-resident Indians (NRIs) are required to file income tax returns.
8 min read5 Mar 2023The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared