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The correction of date of birth in Indian passport is definitely possible, in the event that a wrong DOB in passport...
Many are unsure whether they can get international driving license in India. Further, there are also some confusion...
If you hold a foreign passport, but you are Indian by descent or birth, then you may be eligible to get an OCI card....
The legal aspects of buying property in India are slightly different for NRIs when compared to ordinary Indians. One...
One of the major concerns in many NRIs mind is the question of the complete cost inflation index chart, as evidenced...
Know the primary difference between FATCA and FBAR, and these are the two methods adopted by the US government in an...
Mc Kinney, Texas
Q: What are the tax policies on fixed deposits for an NRI?
A: Interest on Fixed deposit is chargeable to tax under the head income from other sources. Generally, the bank will deduct tax at source @ 10% from the interest.
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 an NRI use his PIO status to gain dual citizenship i.e Indian citizenship and citizenship in his country of residence?
A: A bill is passed to grant the dual citizenship to PIOs and has got approved by the president, and this will help grant to PIOs of full age and their children dual citizenship. However, The rules,...
Q: What is the procedure for an NRI to acquire immovable property in India by way of lease or not exceeding 5 years?
A: There is no difference in the procedure. It's the same as any other Indian citizen would buy the property.
Q: What are the tax implications for an NRI to sell the property in India purchased before 10 years and can we repatriate the entire proceeds of about INR 60 lakhs out of India?
A: Before allowing any remittance to take place from India, the banker (authorised dealer) will need to ensure that the necessary taxes are paid on that amount. For this, the Govt has prescribed Form...
Q: Can i transfer money from my NRE account to spouse NRE account?
A: Yes, you can transfer money from your NRE account to your’ s spouse NRE account with the same or different bank.
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