News

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Post-Choksi, wealthy Indians rush to buy new passport

Economic Times

Nasscom raises concerns over US govt latest proposal on H1-B visas

Economic Times

India to retain top position in remittances with $80 billion: World Bank

Economic Times

Tulsi Gabbard to hear from Indian-Americans on possibility of a Hindu running for US presidency in 2020

Economic Times

As India becomes wealthier, more Indians leave its shores

Economic Times

Indian-origin cardiologist pleads guilty to distributing highly addictive prescription drugs

Times of India

NRI Guide

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How To Exchange Indian Rupee To US Dollar In USA
How To Exchange Indian Rupee To US Dollar In USA

With the growing population of visitors (for various reasons such as education, career, and medical, among others) to...

Checklist For Travelling To USA From India
Checklist For Travelling To USA From India

Every country has mandated instructions for any visitor visiting the country which needs to be followed by the...

Temporary Green Card Travel Restrictions
Temporary Green Card Travel Restrictions

Green Card or a Permanent Resident Card is issued to all the permanent residents of USA which serves as a proof that...

How To Repatriate Money From NRO Account
How To Repatriate Money From NRO Account

Repatriation of funds becomes necessary when an individual settled outside India has some immovable assets which he...

How to Apply Passport For Infants
How to Apply Passport For Infants

A Passport is a very important document, more so in order to prove and certify the identity of the passport holder....

Do Foreign Banks Report to IRS
Do Foreign Banks Report to IRS

Yes, the Foreign Banks do report to the IRS. Foreign Account Tax Compliance Act (FATCA), passed in 2010 makes it...

Articles

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Ask, Answer & Discover

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Q: Can an NRI investor register a nominee?

A: Yes, an NRI investor can register a nominee.

Q: Can a POA (Power Of Attorney) invest on behalf of an NRI investor?

A: Yes, A POA has the authority to invest on behalf of the NRI investor and sign documents for initial and additional purchases as well as redemptions. While applying for purchase of units, the POA...

Q: What is the proof of Tax Deducted at Source (TDS)?

A: A TDS certificate is issued in the name of the first unit holder mentioning the details of the transaction and the tax deducted.

Q: How will the redemption process be paid?

A: Redemption proceeds are paid by a cheque payable to the first holder. The proceeds will be payable in Indian rupees. A tax shall be deducted at source.

Q: What is the mode of payment for repatriation and non-repatriation basis?

A: Repatriation basis: Payments for the purchase of units may be made by India rupee drafts purchased abroad or by cheques drawn on the NRE account. Non-Repatriation basis: Payments for the purchase...

Q: Hi, Can an agricultural land be registered in the name of an OCI (daughter)when it is purchased by an indian citizen(father) to save registering the same land or later inheritting it? Thanks

A: An NRI is eligible to inherit property from a resident of India, and also a non-resident Indian. However, you must make sure that the person you inherit property from has obtained the real estate...