Mutual Fund were introduced in India in the year 1963 with the formation of the Unit Trust of India (UTI). It was an initiative of the Government of India and the Reserve Bank of India. Much later, in 1987, SBI Mutual Fund became the first non-UTI mutual fund in India. Mutual Fund India have gotten …
NRI taxation can be as complicated as, if not more, than taxation for residents in India. NRIs come to India for a very few days either for weddings, festivals, family functions or to travel. Usually they get barely 2 weeks of vacation in which they have to fit in a lot of things such as …
NRI Taxation : Never again stress about Income Tax Read More »
FCNR accounts are deposits in Indian banks that can be kept by Non-resident Indians in Foreign Currency. There are a lot of NRIs who wish to have investments in India for various reasons. They may wish to live in India in their old age, they barely earn any rate of interest in developed countries on …
With the advent of globalization from the early 90s we have seen a lot of migration across the globe with even Indians choosing to reside permanently in other countries. People often migrate with the intention of increasing their income, having a good quality of life, better career opportunities etc. For NRI’s having an NRE account …
NRE Account Simplified: 10 important Questions that every NRI has Read More »