Q: Can gold jewelry be taken on the transfer of residence?
A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods.
The only duty-free allowance that can be availed when it comes...
Q: Can the funds be repatriated from NRO account in India?
A: House rent can be repatriated.
As for dividends, If your investments are specifically under non-repatriable schemes then they would be repatriable. The same goes for your bank accounts....
Q: Is there any limit for OCI on property acquired by way of inheritance?
A: Yes, OCI holder can inherit from parents. No restrictions on the number of flats that can be inherited, although your daughter will be allowed to repatriate the money from the sale of only two...
Q: What precautions to be taken before defacing a share certificate?
A: You must first find out with the depository participant whether the ISIN (Security code number) has been activated and made available for demat. Once the certificates have been made available for...
Q: Could you suggest me which MF plan to be invest and short term or long term and minimum how much and whats should i get return
A: Income / interest on NRO fixed deposit in excess of INR 10,000 in a Financial Year are liable for taxation. In such cases, the interest will be paid / credited after deducting net of TDS.
Q: Can an NRI transfer FD from one NRE a/c to another account as FD? What is the difference in FD rate?
A: The NRE FD can’t be directly transfers between the banks. You have to close your NRE FD with the holding bank pre-maturely or wait for its maturity before transferring the same to another bank. On...
Q: How can an NRI get dividend / interest or other cash entitlements?
A: The company will directly obtain details of holders of their certificates and their respective holdings from NSDL. The payments will the be made via ECS (Electronic Clearing Service)or through...
Q: Which is the best way to start investing in the Indian markets?
A: For instruments of equity you should have a minimum time horizon of 5 years. Returns expected can be anything between 20-30% per annum on a compounded basis. In case you are planning on short term...
Q: Can NRIs invest in post office schemes like NSC, KVP, MIS and PPF
A: According to RBI guidelines NRIs are not permitted to invest in Small Savings or Public Provident Fund.
Q: Can NRIs invest in mutual funds?
A: You can invest by issuing a cheque against your NRE accounts. If you wish to repatriate your earnings abroad then you could invest funds through your NRE/FCNR Account. You could also issue an...