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How NRIs planning a return to India can frame an effective health insurance strategy
At the time of purchasing insurance, there is always a dilemma whether to purchase it in India or outside, in view of implications from point of view of policy features, legal and tax provisions and these must be taken into account to make the right decision. If you are an NRI and planning to return…
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What should I do with my NRE FD on return to India
Today I will be writing about a very pertinent question that is in the mind of 99% of NRIs who return to India after staying away for a long time. From my professional work experience I can say that mostly the investment portfolio of these NRIs (especially those returning from Middle East) is heavily tilted…
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Planning to become an NRI? Read financial checklist
Given the rise in employment opportunities and a global workforce, you can see people going out of India for pursuing opportunities. However, a person who is a resident outside India has to comply with certain laws and regulations enshrined in FEMA and to ensure the the legal and regulatory compliances, some financial tasks should be…
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Why NRIs should continue filing tax returns even if no taxable income
The general mindset for an NRI is that once you move out of India, you have escaped the tax net of Indian tax authorities. Unfortunately, this is not correct.And following are some of the reasons for this: Compliance requirement for tax return filing for NRI First, let us revisit the tax return filing requirement for…