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Should I retain my US citizenship/ Green Card on Return to India?
For families who have stayed back in the USA for a considerable time and obtained a US citizenship (USC) or a green card (GC), and now returning back to India for a better career opportunity, or taking care of parents or with an intent to retire back in India, a top of the mind question…
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Should I withdraw my 401K/IRA on return to India?
Important note – This post is dated. Please check updated post here – https://abhinavgulechha.com/401k-traditional-ira-withdrawal-scenarios-on-return-to-india/ What to do with your 401K/IRA after return to India is an important decision for many returning NRI families given that if you’ve stayed out of India for long, this forms a good chunk of the overall investment corpus. However, answer…
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Should NRIs invest in real estate in India
When it comes to NRI investment in India and interacting regularly with NRI clients, I’ve seen a disproportionate interest in NRIs into real estate as an asset class. Today, I am presenting my view on real estate as an asset class, present market in India and whether it makes sense for NRIs to invest in…
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Should NRI buy non-INR life insurance policies outside India?
On a routine basis, as part of my advisory work with NRI clients, I see NRIs holding overseas policies from insurers like Zurich, Metlife, LIC International etc. These may be pure term policies or investment-cum-insurance policies. As a matter of my due diligence, I ask for and review the policy wordings because as they say,…
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FEMA Implications on NRI Gift Transactions: A Scenario-wise Analysis
Lot of times NRIs wish to make a gift to their relatives or friends or a reverse way, a resident wants to send money overseas to NRI relatives. It is here that very few people know that such transactions are regulated under FEMA. Under FEMA, RBI has delegated compliance responsibility to the Authorised Dealer Banks…
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India-US Tax Implications on cross-border “gift” transactions
Last Updated – October 11, 2025 As you may be aware, unlike India, in the US, there is something known as “estate tax”. That means, any property devolving on the heirs on death carries a tax that needs to be paid from the estate. To evade this tax, people used to gift assets during their…
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Tax Implications on Money Transfer between NRI and Resident
A very common query I come across of NRI’s settled outside is regarding the India tax implication of the transfer of money – to the NRI as well as the person to whom transfer is made. Today, I will be clarifying on this aspect using different scenarios. First things first: Clarify on the nature of…
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Foreign company deputing employees to India: Possible tax issues
Many foreign companies set up business in India through a wholly owned subsidiary structure. The foreign company generally also provides an initial set up support to the subsidiary staff by deputing its employees to such subsidiary for a definite period. Simple as it seems, this arrangement can bring a host of tax complications. In this…
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Taxation of foreign companies in India: An Overview
Given the India story, the question amongst the foreign companies is not “Why India” but “Why not India” – and hence we see that almost every multinational has a presence in India in some or other form This brings us to the question of taxation – how will a foreign company be taxed in India?…
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Taxation of UK Individual Savings Accounts (ISA) in India
Recently I was working on a tax opinion for a returnee doctor formerly employed in NHS UK. (Also read: Returning NRI Financial Checklist) During review of my client’s investments, I came across something known as an “Individual Savings Account (ISA)” in UK. Being tax free in UK, he did not bother to offer the income…