NRI CONTRIBUTIONS
Whom the remittance toll bells? Indian diaspora feels the heat of new US tax
The US House passed the 'One, Big, Beautiful Bill' (OBBB), imposing a 3.5% excise tax on remittances from the US, impacting Indian Americans who send significant funds to India. This tax could affect $1.6 billion in remittances, potentially discouraging investments and impacting India's economy, which relies heavily on these inflows. Concerns arise about fairness and potential shifts to informal channels.
NRI Talk | A blended approach—India + global—is becoming the norm in NRI portfolios: Alok Saigal
While India is seen as a core long-term investment destination by NRIs, countries like UAE & Singapore continue to attract NRI capital for diversification, real estate and global exposure. A blended approach—India + global—is becoming the norm in NRI portfolios.
Husband wife duo wins Rs 1.3 crore long term capital gains tax exemption case under Section 54 despite selling two houses to buy a joint property; ITAT Mumbai case
The ITAT Mumbai ruled that a wife is eligible for a Rs 1.3 crore Section 54 LTCG tax exemption on a property sale, even though the new property was jointly purchased with her husband. This decision came after the tax department initially rejected her claim. However ITAT Mumbai said this is subject to the condition that the AO verifies her claim and makes sure there is no double claim.
NRI Talk: From Art to Angel Deals: NRIs are broadening their investment canvas, Sachin Sawrikar decodes
NRIs are increasingly diversifying their investments beyond traditional real estate and fixed deposits, exploring opportunities in mutual funds, GIFT City, and tech startups. Factors like resilient economic fundamentals, tax benefits in certain jurisdictions, and emotional ties to India drive this shift.
Income tax on gifted property: NRI step-brother to pay zero income tax on Rs 7.5 crore property
The ITAT Mumbai ruled that a gift from a stepsister to her stepbrother is exempt from income tax, overturning the tax department's addition of Rs 7.88 crore (Rs 7.5 crore property+38 lakh stamp duty) to the stepbrother's ITR. The tribunal considered stepsiblings as relatives based on affinity and common sense. This decision provides clarity on tax implications for gifts within step-families. Read below to know more.
Updated LTCG and STCG capital gains tax table by income tax department: Check the tax rates for equities, foreign currency bonds and more
The Income Tax Department has updated capital gains tax rates, differentiating between long-term (LTCG) and short-term (STCG) gains across asset classes. Effective July 23, 2024, LTCG on certain securities will be taxed at 12.5%, and STCG at 20%. Taxpayers should note that standard deductions under sections like 80C and 80D are not applicable against capital gains.
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NRI Talk: Tax-free gains? How NRIs in UAE, Singapore & Mauritius legally avoid MF taxes
NRIs are increasingly aligning investments with India’s growth, drawn by economic resilience, reforms, and emotional ties. Tax-friendly hubs like Dubai and Singapore amplify returns, while new tools like GIFT City and fractional real estate expand options.
“Beneficial for the world”—Ankur Warikoo, Vijay Shekhar Sharma laud India’s AI talent
Students are going all out and doing things for themselves in this domain. All of that will trickle back into the economy,” says serial entrepreneur Ankur Warikoo.
Moolans Exports (India) crosses INR 100 crore revenue milestone, charts path to success
Moolans Exports (India) Pvt Ltd, part of the Varghese Moolan Group, has surpassed INR 100 crore in revenue through strategic rebranding and a customer-centric approach. The company exports over 200 products to regions including the Middle East and USA, with a strong presence in Saudi Arabia.
The NRIs will be India's bulwark against global turmoil
NRI remittances significantly bolster India's economy, acting as a crucial buffer against global volatility and trade deficits. Inflows reached a record $129.4 billion in 2024, with the US emerging as a major source alongside GCC countries. Factors like India's economic growth, stock market performance, improved living standards, and rupee depreciation are attracting increased NRI investment across various asset classes.
What is NRO account and how are deposits in this account taxed, repatriated?
NRO accounts are less restrictive for Indian rupee transactions compared to other types of accounts available to NRIs in India, making them the preferred choice for NRIs.
I will retire soon with Rs 2.25 crore, where should I invest it?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Luxury housing sales record 28% Y-o-Y growth across top seven cities in Q1 2025
India's luxury housing market shows robust growth in Q1 2025. Sales surge by 28% across top seven cities. Delhi-NCR dominates with 49% share. Mumbai's share declines, while Bengaluru sees significant jump. Kolkata and Chennai gain traction. Hyderabad's contribution falls. Overall residential market maintains balance. Optimistic outlook for the rest of 2025 is expected. Demand is likely to stay strong.
American woman living in Bengaluru says Indians are overtaxed, urges NRIs to be taxed too
An American woman living in Bengaluru proposes taxing non-resident Indians to alleviate the tax burden on residents and curb brain drain. Her suggestion sparked a heated debate on social media, addressing the impact on remittances, FDI, and double taxation concerns.
Sebi permits up to 100% aggregate NRI corpus contribution for FPIs based out of GIFT IFSC
Sebi allows up to 100% NRI, OCI, and RI contribution in FPIs at IFSC to boost Indian investment. Declarations and PAN card submissions are required, with provisions for contributors lacking PAN or taxable income. Existing FPIs must submit declarations within six months for renewal review.
Karnataka plans new ministry to address concerns of NRIs
Karnataka plans to establish a ministry for the well-being of Kannadigas living abroad, aligning with promises made in the Congress's 2023 assembly polls manifesto. The ministry aims to address the concerns of NRIs and provide necessary assistance.
The rise of NRI investments in luxury real estate - A bubble or milestone?
NRIs are attracted by Mumbai's cosmopolitan nature and iconic locations, but there is also a shift towards exploring newer micro-markets. Factors such as emotional connection, diversification, favorable exchange rates, a growing economy, and potential return on investment contribute to NRI interest in the Indian real estate market.
Sebi eyes boosting NRI, OCI investments via FPI route in Indian markets
Under the current rule, an FPI applicant cannot be a Non-resident Indian (NRI) or OCI. However, NRIs or OCIs or Resident Indian individuals (RIIs) can be constituents of the applicant after meeting the conditions specified by Sebi
NPS for NRIs: How to open an account, how to invest, documents required and more
Non-Resident Indians (NRIs) can open National Pension System (NPS) accounts who comply with current KYC requirements. NRIs can choose a pension fund management company and exercise their investing options.
PFRDA extends direct remittance facility for non-resident subscribers of NPS
PFRDA has now decided to extend the option of contribution into NPS through D-Remit to NRI-NPS subscribers, who can contribute to their NPS accounts from funds in their Non-Resident Ordinary (NRO) or Non-Resident External Account (NRE) accounts, it said in a release.
Global private banks ask FPI managers not to sell NRI clients’ investments
FPIs have to bring down the aggregate contribution of NRIs and OCIs (along with resident Indians) in a fund to below 50% by December 31, 2020. Also, contribution by an NRI/OCI cannot exceed 25%. Funds which fail to do this will have to wind up in six months.
How NRIs can open NPS account online
An NRI can open an NPS account online if he has a PAN card and a bank account and satisfies other conditions.
Times Now-ICICI Bank Awards: Prem Watsa named ‘NRI Of the Year’
One of India’s top recognition platforms, The NRI of the Year Awards salute the spirit of global Indians who have made a mark for themselves worldwide.
How to open NRI bank account from overseas
By following these simple steps NRI's may complete the account opening formalities at their convenience, from the comfort of their overseas homes.
Everything you want to know about NRI NPS accounts
NRIs have recently been allowed to open accounts under the NPS. By opening an NPS account, NRIs can create a pension corpus in India.
Donations for AAP slid during last phase of Arvind Kejriwal government
It is AAP’s NRI appeal that seems to be most significantly hit with contributions from abroad steadily dipping.
Minister urges NRIs to invest in Punjab
Punjab has one of the densest per capita presence of NRIs in the country and the areas, like Doaba region, can actually be described as an NRI belt.
Reliance MF declares 40 pc dividend in Reliance NRI Eq Fund
Anil Ambani-controlled Reliance Mutual Fund announced a 40 per cent dividend in Reliance NRI Equity Fund and 15 per cent dividend in Reliance Media & Entertainment Fund, a company statement said.
It rains remittances for Kerala banks as rupee dips
Monsoon showers aren't falling as vigorously as they should in Kerala, but remittances from NRIs have maintained a steady flow, taking total outstandings in the state's commercial banks to a historic high of Rs 37,019 crore at the end of March 2009.
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