I was an NRI and now a resident. After arrival in India, I was trying for another job and in between I fell in sick and had decided not to go back again. However, due to this, I could change my NRI a/c to Ordinary only after 3 years after my arrival. In between I gifted few lakhs to my wife & children...

That new job is cracked, visa has come in and preparations for your overseas travel are on! Before you board that plane and bid your good-byes to loved ones, you should do a quick check on your bank accounts here in India lest your loved ones then face the hassle of co-ordinating between your bank branches...

[quote user="kp1805"] Hi Can someone kindly advise me on the prevailing taxation norms/slabs for redemption of equity based mutual funds for NRI's.Assuming i am trying to encash a mutual fund(equitybased) which has an appreciation value of INR 125000(original investment INR 100,000) and...

Hi, I m working as a crew on foreign going ships owned and managed by Singapore based company. I have an NRE account with ICICI bank and have worked outside India for more than 185 days in the last financial year 2012-13. I wanted to know that do I need to file any tax returns for the same even though...

What are the laws in India regarding inheritance - surviving parent would like to divide land among all siblings equally. All children were born overseas (both parents origin is India) Would all have to apply for OCI and be present in India for transfer of land - or can this be carried out from UK...

NRI Status for 01.04.2012 to 31.03.2013 I was outside india for business visit for more then 182 days in 2012-13, and i earned some profits Eg.$5,000/- over there. What will be my NRI status for 2012-13 and whether my income earned outside india will be taxed in india?

Good day sir, Have a small doubt with regard to NRI fixed deposits. I am NRI working on ship, I have some NRE rupee fixed deposits for a tenure of 10 years. Next year on words i am planning to stay in India due to personal or home reasons. So i may not complete stipulated 183 day outside India, so...

The whole point of being a Non Resident Indian is to be staying overseas and the whole point of having an NRI account in India is to be able to operate that account remotely. It is a given that you will never be physically present in India always to operate your account, hence there is a facility to...

The stock markets have behaved wobbly for the last 5 years and becoming a deterrent for new investors to enter the market. The Recurring Deposit Account, maintained in Rupees, is an excellent option for NRIs to make big savings by investing small sums every month. Recurring Deposits offer a systematic...

  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 their existing investments or take a personal loan...