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Latest Questions

Q: Can a resident Indian have an NRI nominee?

A: Yes, the same rules apply for nominees to resident Indian accounts. An NRI can be a nominee to an account which is in the same of a resident Indian.

Q: Is TDS applicable to NRI?

A: A TDS of 30% is applicable for NRI. But interest earned on NRE and FCNR accounts is not taxed in India. Therefore, there is no tax deducted at source. There is no tax and therefore no TDS is...

Q: Can NRI invest in PPF?

A: An NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till maturity. PPF is a 15-year scheme, which can be extended...

Q: How much NRI can invest in India?

A: NRIs can invest in the Indian stock markets under the portfolio investment scheme of the RBI. An NRI cannot transact shares in India on a non-delivery basis, that is, they can neither do day...

Q: What is the tax rate for an NRO account?

A: There is no tax applicable in India on funds lying in your NRE accounts. However, interest earned on NRO account is taxable at the rate of 30% plus applicable cess and surcharge. If the interest...

Q: Is dividend taxable for NRI?

A: Income which is earned outside India by an NRI is not taxed. However, if the income accruing in India through capital gains, rent, dividend or interest is beyond the threshold limit, you will have...

Q: What is the procedure for dematerialization?

A: Client submits a DRF form along with the physical share certificate to NBFC, who in turn forwards it to the registrar and transfer agent for confirmation from the company. After the confirmation is...

Q: How is TDS computed?

A: TDS is computed on the profit amount or the gain as per the applicable rate i.e. short term or long term on a First in First out (FIFO) basis.

Q: How do I invest in mutual funds?

A: You can invest in mutual funds through NON-PIS account.

Q: How much is the risk involved while investing in equity investments?

A: Equity investments are subject to market risks and there is no assurance that the objective of the portfolio management service will be achieved. As with any investment in securities, the net asset...