In a significant move that could affect thousands of Non-Resident Indians (NRIs), the Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that certain mutual fund gains made by NRIs are not taxable in India — thanks to the provisions of the Double Taxation Avoidance Agreement (DTAA).
NRI Investor Wins ₹1.35 Crore Mutual Fund Tax Battle — Here’s What It Means for You Read More »
Being an NRI (Non-Resident Indian) isn’t just about how many days you spend abroad—it also depends on how much you earn in India. If your Indian income crosses ₹15 lakh, your tax status can change much sooner than you think.
You could lose your NRI status if… Read More »
NRIs have numerous investment options in India. Align these investments with your financial goals, risk appetite, and investment horizon to grow your wealth while contributing to India’s economic growth. Always seek professional advice to make informed decisions and maximize your investment benefits.
NRIs Investment Tips: Investing in India for Higher Returns Read More »
NRI Money+ provides a non-biased review of Niva Bupa Health Premia, a health insurance plan well suited for HNIs (high net-worth individuals) and NRIs.
Niva Bupa Health Premia Review – Health Insurance for NRIs Read More »
We delve into various investment options available to NRIs, including real estate, stocks, mutual funds, and more. We provide expert insights to help you make informed decisions and maximize your returns. From the latest market trends to legal considerations, we leave no stone unturned.
Unlocking Lucrative NRI Investment Options in India Read More »
NRIs are recommended to double-check their critical financial activities, such as income tax return (ITR) filing and PAN-Aadhaar linking, which must be completed by March 31, 2024.
Important Tasks NRIs Should Finish by March 31 2024 Read More »
Indian Passport Renewal in USA as a Non-Resident Indian (NRI) can be a simple process. Following the steps listed below guarantees a smooth experience. NRIs may find the passport renewal procedure easier to handle and more effective if they maintain organisation and preparedness.
Indian Passport Renewal in USA – Easy to Understand Guide Read More »
Is investing in gold truly a prudent financial decision? The decision to invest in gold hinges on individual circumstances, risk appetite, and financial goals. While it has historically served as a store of value, its role in a modern investment portfolio should be analyzed thoughtfully.
Is It Good to Invest in Gold? NRI Money Plus answers. Read More »
NRI deposits and investments in India have increased. The amount of money going into FCNR (B) deposits, which are made specifically for NRIs, has more than doubled this year. This shows that these deposits are becoming really popular as a safe and secure way to invest.
NRI Deposits in India Doubled to $6 Billion in Apr-Oct 2023 Read More »
Living abroad as a Non-Residential Indian (NRI) presents its unique set of financial challenges and opportunities. One critical aspect of managing your finances while living overseas is having the right bank account. For NRIs, NRE (Non-Residential External) and NRO (Non-Residential Ordinary) accounts are essential tools for financial management, investments, and repatriation of funds. In this
Is It Possible to Open NRE/NRO Account Online? Read More »
NRIs are required to convert their savings bank account in India to an NRO account (also called non-resident ordinary) to continue with their financial transactions in India after a change in their resident status.
What happens when NRIs doesn’t convert Regular Saving Account to NRO? Read More »
Unlocking investment opportunities in India for NRIs is a dynamic and rewarding journey. Whether you opt for traditional investments like fixed deposits and mutual funds or explore NRI-specific options, careful planning is key. NRI Money Clinic, with its financial expertise, can guide you towards financial freedom.
Unlocking Investment Opportunities in India – NRI Money Clinic Read More »
Double Taxation Avoidance Agreements (DTAA) are established between two countries to prevent the taxation of the same income in both nations. However, specific documentation is required to claim this exemption. To avail of DTAA benefits, the taxpayer must submit Form 10F along with the obtained TRC to the income tax authorities.
NRI Double Taxation Avoidance Agreements (DTAA) – What’s New Read More »
We explore the impact of the new and old tax regimes on NRIs and provide essential tax planning tips to help navigate the complex landscape of taxation.
NRI Money Clinic: Essential Tax Planning Tips for NRIs Read More »
Money Transfer Service Scheme (MTSS) was established to facilitate the process of inward remittances to individuals in India. Here is an in-depth discussion of the Money Transfer Service Scheme.
Money Transfer Service Scheme (MTSS) In-Depth Discussion Read More »
As NRIs, it is our responsibility to protect and support our aging parents who may be vulnerable to elder abuse. By understanding the signs, implementing preventive measures, and fostering open communication, we can create a safer environment for our loved ones. This article explores the various aspects of elder abuse, and its impact on individuals and families, and provides actionable advice to safeguard our loved ones’ financial and emotional well-being.
Elder Abuse – How to Understand and Prevent It Read More »
NRI Money Clinic is a dedicated platform where we discuss various investment cases and provide tailored strategies for NRIs. In this chapter, we will explore a case study of an NRI residing in London who is approaching his retirement age.
NRI Money Clinic – Investment Strategy for NRIs (Chapter 1) Read More »
In the past few years, the price of gold has seen significant fluctuations due to economic factors such as inflation, interest rates, geopolitical tensions, and global pandemics. However, despite the recent volatility, gold remains a popular choice for investors. NRI Money Plus explored the changes in gold prices and what they mean for investors. We will also examine the benefits of adding gold to your investment portfolio and whether now is a good time to invest in gold.
Gold Prices on the Rise: What Investors Need to Know Read More »
As the financial year draws to a close, it’s important for Non-Resident Indians (NRIs) to review their financial affairs and take necessary actions to avoid any penalties or losses. In India, NRIs are required to file their income tax returns (without late fees) by July 31st, but the earlier they file, the better. In this
NRIs Financial Year End: From Taxes to Investments Read More »
If you are a NRI, when you plan to visit India next on a holiday or for some work, you may have so many things to attend to. NRI Money Plus list out 9 most important must-attend issues that you have to take care of when you visit India.
9 Must-Attend Matters During India Visit Read More »
Hindenburg Research has been in recent news for reporting that Adani Group had been “manipulating the market and committing accounting fraud.” Know all about Hindenburg Research in this article.
All you need to know about Hindenburg Research Read More »
‘How to Retire Early?’ is a question many are asking themselves although retiring early is not a new concept but its popularity is increasing right now. Many have dreamt about early retirement but only a few achieve it with the required actions.
7 Best Books On Early Retirement You Will Ever Need (Updated) Read More »
Indian property cycle has multi-year pent-up demand and is more dependent on pricing sentiments (now strengthening) instead of mortgage rates.
Here’s why India’s growth should stay resilient Read More »
Even those with high earnings find it difficult to save enough money to meet all of their financial goals. Here we present a perspective to making investments to achieve deadlines and increase revenue.
If You have too many Financial Goals but Not Enough Money Read More »
Have you been affected by Non-Repatriable Amounts? These words have tormented many NRIs due to misguidance or sheer ignorance. If your money lands as non-repatriable you can’t take this money to your resident country to enjoy it.
Non-Repatriable Amounts from Insurance Maturity or Claims Read More »
If you get an income tax notice, you could start to worry. Get to know such reasons in detail here and how to deal with Income Tax notice.
Why You Can Get An Income Tax Notice – 8 Top Reasons Read More »
Recession is coming, but how to become recession proof. Find out how annuities can protect your retirement savings leading up to and during volatile times in our in-depth article.
How You Can Recession-Proof Your Income Read More »
The Indian rupee was the top-performing emerging Asian currency and India’s economy grew by 13.5% in the April-June 2022 quarter. Let’s take a look at some of the reasons why India is thriving even in the face of global recession.
Is Stronger Dollar a Bad Thing For Indian Rupee? Not Necessarily. Read More »
Edelweiss Twin Win Nifty is an amazing structured product that ‘guarantees’ the higher of the two –
1. Whatever the Nifty returns over the tenure of investment
2. Fixed return (6 % p.a. ) in case Nifty falls
This makes investing in Edelweiss Twin Win Nifty a win-win for all its investors.
Edelweiss Twin Win Nifty – Review Read More »
The financial environment in India has substantially transformed since previous years. According to a survey by the India Brand Equity Foundation (IBEF), India is predicted to have the largest global private wealth market by 2028. Read more to get an understanding of where India stands financially, today.
Positive Changes in the Financial Environment in India Read More »
