Many are desperately seeking to return to India, but aren’t part of the evacuation planThere are 6 million holders of OCI cards, which gives them some privileges that Indian citizens enjoy
3 min read11 May 2020Air India was unable to process their boarding passes since they were not carrying their old cancelled passports, officials saidAs per the new temporary rules, these passengers were required to carry their old cancelled passport whose number is mentioned in their OCI card
2 min read23 Dec 2019The amendment will not be applicable to the tribal areas of Assam, Meghalaya, Mizoram or Tripura as included in the 6th Schedule to the ConstitutionIt also proposes to incorporate a sub-section (d) to Sec 7, providing for cancellation of OCI registration where the card-holder has violated any provision of the Citizenship Act
1 min read9 Dec 2019They will be allowed to invest in NPS Tier I accountOverseas Citizen of India will now be at par with NRIs in terms of NPS investment rights
2 min read30 Oct 2019Shares of overseas companies are classified as long term if they are held for more than 24 monthsTax on LTCG or STCG can be either paid by way of advance tax in four instalments or before filing tax returns along with interest by 31 July
3 min read16 Sep 2019In case you have a written acknowledgement of the nomination registered in your mother’s name, then you can approach the insurance company directly and make the claimOCIs are allowed to buy life and health insurance policies in India
1 min read1 Sep 2019The director of an IIM should be either an Indian citizen or one who is an overseas citizen of India, said govt
1 min read10 Dec 2018An individual is required to file ITR if total income exceeds the maximum amount not chargeable to tax (i.e. Rs2.5 lakh) for FY18
2 min read1 May 2018UIDAI has clarified in its circular that non-residents and OCIs may not be eligible to obtain Aadhaar as per the Aadhaar Act
3 min read5 Mar 2018PM Narendra Modi in Israel also says direct flights will be launched between Delhi, Mumbai and Tel Aviv
1 min read6 Jul 2017The 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