The Reserve Bank of India (RBI) is set to tighten regulations on overseas remittances by resident Indians, preventing the parking of funds in foreign currency deposits with lock-in periods. This move aims to curb passive wealth shifting and align the Liberalised Remittance Scheme (LRS) with India's cautious approach to capital account convertibility.
Indian expatriates in the UAE must file their Income Tax Returns (ITR) for the financial year 2024-25 by July 31, 2025. Recent changes include increased capital gains tax rates, affecting investors in listed shares and securities. Filing is crucial for claiming refunds, avoiding penalties, and carrying forward losses.
Bollywood superstar Shah Rukh Khan won a significant legal battle as the Income Tax Appellate Tribunal (ITAT) ruled in his favor, overturning the tax authorities' reassessment for the 2011-12 financial year. The reassessment was initiated after the tax officer denied his claim for foreign tax credit on income earned in the UK, recalculating his income as Rs 84.17 crore instead of the declared Rs 83.42 crore. The reassessment was done beyond the four-year statutory period.
After a period of rapid growth, India's property market is showing signs of price stabilization, creating a potential window for NRI investors in the UAE and Gulf. While affordable housing faces supply constraints, luxury options dominate new developments. Improved financing options and fractional ownership opportunities are also influencing NRI investment decisions as market dynamics shift.
Indian buyers are increasingly dominating the UK property market, particularly in London, drawn by favorable exchange rates and stable rental yields. London-based Source Property Investments launched its Halo project in India first, reflecting this trend. Indian investors now constitute over half of their investor base.
The Reserve Bank of India (RBI) is set to tighten regulations on overseas remittances by resident Indians, preventing the parking of funds in foreign currency deposits with lock-in periods. This move aims to curb passive wealth shifting and align the Liberalised Remittance Scheme (LRS) with India's cautious approach to capital account convertibility.
NRIs are increasingly purchasing health insurance in India for their parents, driven by the need for comprehensive care from afar. Tailored plans offer benefits like shorter waiting periods and on-ground support, addressing the challenges of distance. Reforms and discounts further incentivize NRIs to secure their parents' financial well-being with comprehensive health coverage.
Following Israeli airstrikes near key Iranian sites, Indian students in Iran are appealing to their government for evacuation, citing safety concerns and disruptions. Students report feeling tremors and experiencing internet outages, prompting the Indian embassy to collect contact information for potential evacuation.
USCIS data reveals a significant decline in H-1B visa registrations for FY 2026, falling by 26.9% from the previous year and over 54% compared to FY 2024. The agency attributes this drop to stricter policy enforcement, increased registration fees, and fraud investigations. These changes are prompting some to explore alternative opportunities in countries like Australia and Germany.
