Category: Investments
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Should I withdraw my 401K/IRA 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 to this question is not that simple & needs to be carefully evaluated in…
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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…
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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…