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Q: Under what circumstances can investments made under PIS be repatriated?

A: The repatriation of the sale proceeds, net of taxes, are allowed if the original purchase was made on repatriation basis and such investments were made out of funds from NRE/FCNR account or by...

Q: What are the provisions for corporate benefits for investments on repatriation and non-repatriation basis?

A: Corporate benefits may be in the form of a dividend, interest, rights, bonus, etc. Any corporate benefit resulting out of investment in securities on non-repatriation basis will not carry the right...

Q: Can investments made under different schemes be held under a single demat account?

A: No. Securities received against investments under 'Foreign Direct Investment scheme (FDI)', 'Portfolio Investment Scheme (PIS)' and 'Scheme for Investment' on non – repatriation basis has to be...

Q: What is the taxation for NRIs in India for investing in Indian mutual funds?

A: Taxation for NRIs in investing in Indian Mutual Funds is the same as taxation of resident Indians. The only difference is that there are a 10% TDS for NRIs at the time of redemptions. Equity...

Q: Is demat account required for mutual fund investments?

A: No, demat account is not mandatory for Mutual Fund investments. Investments in Indian Mutual funds can be made through Upwardly in a totally electronic format without Demat Accounts.

Q: What is FATCA and how is applicable to mutual fund investments in India?

A: Foreign Account Tax Compliance Act (FATCA) is a US government tax policy to which India is also a signatory. As per this act, the Indian Financial Institutions like Indian Mutual Funds are required...

Q: Is there double taxation for NRIs for investing in India?

A: No, if India has signed the avoidance of Double Taxation Avoidance Agreement treaty (DTAA) with the respective country. India has signed this treaty with the US & Canada, so any tax paid in India...

Q: Can NRI transfer shares to Indians?

A: NRIs cannot transfer shares to Indians, NRI, foreign nationals and PIO are allowed to invest only in the shares of a private limited company or under the automatic route.

Q: Can NRI hold shares in India?

A: An NRI cannot hold more than 10% of the total holdings in an Indian listed company (20% in the case of public banks). NRIs cannot trade shares in India on a non-delivery basis, which means they...

Q: Can US NRI invest in stocks in India?

A: NRIs can invest in Indian stock markets under the PIS scheme of the RBI. An NRI cannot transact in India except through stockbroker.NRIs cannot trade shares in India on a non-delivery basis, i.e...