New York, Michigan, California, Florida, Illinois, New Jersey, Texas, Virginia, Pennsylvania, Georgia, Maryland
Country: United States
Q: How to transfer money from NRO account to NRE account?
A: To be able to transfer funds from NRO to NRE account, the following documents are required:
•Letter requesting transfer of funds issued to the bank where the accounts are held
Q: How to apply for OCI when living in India?
A: To apply for OCI from India:
Applying for OCI involves two steps. One is an online application form and the other part involves printing the online form, attaching the required documentary proof...
Q: OCI eligibility for minor children where parents are Indian citizens?
A: Prior to January 6, 2015 the rules stated that at least one parent had to be a foreign national for a minor to apply for OCI. Now minor children where both parents are Indian citizens can apply for...
Q: Customs duty exemption in India for NRIs
A: The duty exemptions that NRIs get in India for customs duty are under the ‘Transfer of Residency’ section.
Under Transfer of residency, NRIs who have stayed abroad for at least two years...
Q: Can OCI holders open PPF account in India?
A: OCI holders who are living in India are considered to be residents in India. Their status is no longer that of a Non-Resident (NRI). Therefore they can open PPF account in India.
While we are on...
Q: Can US citizen with OCI avoid paying Indian taxes on US income?
A: For taxation purposes, normally a person can be considered to be a resident or non-resident (NRI) of India. Where as Indian residents must pay taxes on their worldwide income, NRIs on the other...
Q: Can NRI lease agricultural land in India?
A: NRIs cannot lease agricultural land, There are many legal restrictions when it comes to leasing agricultural land in India, this applies to not only NRIs but also to resident Indian citizens.
Q: Are OCBs required to produce any certificate regarding ownership / beneficial interest in them by NRIs?
A: Yes. In order to establish that the ownership/beneficial interest in any OCB held by NRIs is not less than 60%, the concerned body/ trust is required to furnish a certificate from an overseas...
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