E-PaperNro Accounts News
What can NRIs do with their NRE and NRO accounts?
In an NRE account, NRIs can keep remittances from outside India, income from investments made in India and current incomeFunds in this are freely repatriable
1 min read24 Sep 2019PPF proceeds are tax free even for NRI investors
An NRI can continue to contribute towards PPF in India on a non-repatriation basis till maturity if the PPF account was opened when he/she was resident in India
3 min read7 Aug 2018NRI, resident can jointly hold an NRO account on ‘former or survivor’ basis
Interest earned on NRO rupee account (savings or fixed) is taxable in India. In case of joint bank account, it is important to determine who is the real owner of the funds and tax the income arising therefrom accordingly
3 min read26 Jun 2018A personal finance checklist for those becoming NRIs
From bank accounts and lockers to demat accounts and life insurance policies, steps to take before you gain NRI status
3 min read21 Jun 2018NRI tax query: Repayment of loan between brother and sister is not taxable
Transfer of money to your sister and vice- versa will not be subject to tax in India, as there is no gift tax in india
2 min read12 Jun 2018NRI money transfers to India are tax-free, if not being invested
NRIs must convert all their resident bank accounts to non-resident (ordinary) , or NRO, or non-resident external, or NRE, bank accounts
2 min read22 May 2018What can NRIs do with their old Rs500, Rs1,000 notes?
An NRI can deposit the old Rs500 and Rs1,000 currency notes to his non-resident ordinary rupee (NRO) account, according to RBI guidelines
1 min read9 Nov 2016Popular Topics
Budget
The 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