Category: Uncategorized
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Remittance facilities to NRI & Expats under FEMA
In one of my earlier posts, I had discussed about the Liberalised Remittance Scheme (LRS) Link which is available only to residents under the FEMA law. However, a question may arise that what about NRI or expats? Are they allowed to remit the proceeds of their Indian investments outside India? What are the conditions around…
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NRIs: Don’t go overboard on NRE FDs
Ati sarvatra varjayate (Translated: Excess of everything is bad) There are many avenues for NRIs to invest in the Indian markets. When it comes to a fixed income avenue, the NRE FD stands out as a preferred choice for NRIs, especially because the returns (around 7-8% per annum) are completely tax free in India and…
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NRI buying property in India – Dos & Don’ts
Property is a first choice for NRIs when they consider investing back in India, given the fact that real estate as an asset class has given handsome returns. Also, given that NRIs have a soft corner towards their family back in India, they plan to come back to India in future and hence, own home…
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FEMA Implications on acquisition of property in India
Real Estate has always been a preferred investment choice for NRI community. However, it is very important for NRI community to know that the foreign exchange law of India FEMA has established certain rules and regulations around conducting a property transaction in India. In case you knowingly or unknowingly fail to comply with the FEMA…
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FEMA Implications on NRI Loan Transactions: A Scenario-wise Analysis
Lot of times NRIs wish to do a loan/gift transaction with 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…
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Gift by NRI to Resident: Be aware of Section 68 of Income Tax Act
I receive a lot of queries on the tax implications in India in case an NRI makes a gift to a family member or a friend in India. While it is fairly widely known that Section 56 of the Income Tax Act (ITA) exempts gift from relative irrespective of the amount, not many people know…
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How Indian Residents should disclose their global assets in Indian tax return
Last Updated on – August 06, 2025 The regulatory landscape in India & across the world is fast changing. Countries are increasing becoming aware of the risks of tax evasion & are creating new mechanisms like the CRS and India also enacted Black Money Act in 2015, which mandates disclosures by Indian residents of foreign…
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Indian Tax Residency Rules for Persons of Indian Origin (PIO)/ Overseas Citizens of India (OCI)
A few days back, I was working on a case of a Person of Indian Origin (PIO) who had been staying in India for all these years to take care of ailing parents, and plans to move out of India since they’ve passed away, however would want to come to India for some days every…
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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 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…