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All of us face an interim liquidity crunch at some time or another. It could be for funds required for down payment of a property or some medical emergency or maybe for a marriage. In all such situations, one is confused between whether to break...
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Taxability in India is dependent on whether an individual qualifies as an Ordinary Indian Resident (ROR), Not Ordinarily Resident (NOR) or Non-Resident (NRI). An ROR is liable to tax on his global income, while a NOR and NRI is liable to tax on...
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At the beginning of the NRI Status, most of the people are in dilemma about what kind of Bank account should they hold in India? Should it be an NRO account or should it be an NRE account or a FCNR account? Each of these accounts has their own...
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With the global slowdown and recession looming large over US and the Eurozone, coupled with the fact that the Rupee has slumped as low as 53 against the dollar, India has witnessed significant inflows of capital from the NRI community. It is a...
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