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AlwaysIndian is a platform that connects NRIs the world over and aims at building a community of global Indians that can meet interact and converse online.
Recent Posts Tagged With 'faqs'
FAQ: Do NRIs Need PAN Cards?
Do you need to get a PAN card if you are an NRI? Is there a way you can get a PAN card without going to India? What procedures you should follow to obtain a PAN? If these questions have been playing on your mind lately, read on to find out more about...
FAQs: How can an NRI remit currently Resident Rupee Balance to Canada?
Recently ICICI bank launches money transfer free of cost from India to anywhere. Remittance Facilities to NRI’s is subject To RBI Approval. With RBI changed stand on overseas remittances limits for NRI’s and lifting the 10 year lock-in to...
FAQs: How Much Income Tax Is Applicable To NRI?
To avail of tax sops extended to NRI’s, an individual must satisfy the following criteria: A person who has been in India for 60 days or more during a financial year and 365 days or more during the preceding four financial years qualifies as a ...
Does An NRI Have To Pay Income Tax On The Money He Remits To India?
1) You do not have to pay any tax for money earned outside India. I guess this is being remitted into an NRE account - no tax. 2) No, any NRI does not have to pay income tax on the money he remits to India. Let us put first things first. Having a nor...
FAQs: What Are The Consequences Of Holding A Normal Account After Becoming An NRI?
All resident accounts of a person with banks in India will automatically be treated ordinary non-resident accounts on his becoming non-resident. Similarly NRO account may be redesignated as resident accounts on the account of holder becoming resident...
FAQs: For An NRI, Is It Possible To Ask For TDS Refund On Share Profits If His Income In India Is Below The Taxable Limit?
In order to answer this question, it is presumed that the share profits in question are short-term capital gains. In case of short-term capital gains, even if the total gains are below the taxable limit, the NRI will have to pay the prescribed rate o...
FAQs: What Is The Best Way To Finance A House In India For An NRI?
What Is The Best Way To Finance A House In India For An NRI? There cannot be any one ‘Best way’ for an NRI to finance a house in India. Broadly the choice for the funding would be to either use ‘Own Funds’ or ‘Home Loan...
