News

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Bear ‘wear & tear’ of married life: Top court to NRI couple

Times of India

Indian-origin Uber driver pleads guilty to charges of kidnapping female passenger in US

Times of India

US Senate confirms Indian-American Neomi Rao for powerful federal judgeship

Times of India

IBM chief Ginni Rometty says Indians lack the skill sets to be employed

Economic Times

Sikh Americans urge India not to let tension with Pakistan to impact Kartarpur Corridor work

Times of India

Google paid USD 45 million to its former India-born executive accused of sexual misconduct

Economic Times

NRI Guide

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FEMA Guidelines For Outward Remittance
FEMA Guidelines For Outward Remittance

Every country has its own guidelines on the money going in and going out. This includes India which is a country...

What Happens When You Declare Money At Customs
What Happens When You Declare Money At Customs

International traveler need to mandatory undergo customs check while traveling through international passages and...

How To Exchange Indian Rupee To US Dollar In USA
How To Exchange Indian Rupee To US Dollar In USA

With the growing population of visitors (for various reasons such as education, career, and medical, among others) to...

Checklist For Travelling To USA From India
Checklist For Travelling To USA From India

Every country has mandated instructions for any visitor visiting the country which needs to be followed by the...

Temporary Green Card Travel Restrictions
Temporary Green Card Travel Restrictions

Green Card or a Permanent Resident Card is issued to all the permanent residents of USA which serves as a proof that...

How To Repatriate Money From NRO Account?
How To Repatriate Money From NRO Account?

Repatriation of funds becomes necessary when an individual settled outside India has some immovable assets which he...

Articles

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Ask, Answer & Discover

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Q: What are the investment restrictions on NRIs for investments in mutual funds?

A: There are no investment restrictions on NRIs for investing in mutual funds. RBI does not restrict investment in mutual funds either on a repatriable or non-repatriable basis.

Q: Can I gift mutual funds to my relatives in India?

A: Yes. Certain funds do permit gifting of units. One should refer to the offer document of the specific fund to know the details.

Q: Can I repatriate my initial investments, earnings from redemption and any dividend arising from it?

A: If the investment is made on a repatriation basis, the net income or capital gains (after tax) arising out of investment is eligible for repatriation subject to regulatory guidelines in force at...

Q: Can a foreign citizen of Indian origin purchase commercial properties in India?

A: Provided the purchase consideration is met either out of inward remittance in foreign exchange through normal banking channels or out of funds from the purchaser's NRE/FCNR accounts maintained with...

Q: Can foreign citizens of Indian origin purchase commercial properties by way of gifting?

A: Yes, subject to compliance with applicable tax laws and up to two houses. The RBI has granted general permission to a foreign citizen of Indian origin to give or receive properties by way of gift...

Q: In what manner should the purchase consideration for the immovable property be paid by PIO under the general permission?

A: The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from any non-resident accounts maintained with banks in...