Weak rupee draws NRIs to Indian realty September 30, 2013 12:37
Rupee depreciation may be bad news for the Indian economy, but not so for the non-resident Indians (NRIs) scouting for property back home. Cashing in on the opportunity to buy residential units cheaper by up…
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Purchase of Agricultural Land in India by NRIs - Foreigners September 30, 2013 12:28
Foreigners cannot buy agricultural land in India. This is applicable to all of India. No state in India allows foreigners to buy agricultural land. • Nri's cannot buy agricultural land in India. Yes! all over…
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Types of Bank Accounts for Non Resident Indians September 30, 2013 12:30
There is a great deal of confusion about the NRE, NRO and FCNR bank accounts for NRIs and the differences, comparison etc. Here is a quick guide: Non Resident External (NRE) Account Source of funds:…
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NRIs Renting Property in India September 30, 2013 12:13
Many NRI's and PIO's purchase properties in India as an investment and perhaps with the goal ofprobably returning to India at some point of time. Instead of keeping properties vacant, renting out is an option…
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Inheritance, Gifting Rules in India and US September 30, 2013 12:14
What happens when you inherit money or property or are gifted the same? Read below to learn more about the rules for inheritance and gifting in India and the USA. US Rules on Inheritance and…
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Tips for NRI's Buying Property in India September 30, 2013 12:00
NRI's should be aware that courts are slow in India and cases that involve property can take decades to settle. Hence it is better to be careful to check and verify documents before purchasing property…
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Best use of credit card September 30, 2013 12:09
Credit cards have different connotations for different people. Some are allergic to them, some use them to avoid carrying cash and still others see great ease and convenience in their use. I, per se, belong…
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Risk free investment avenues in India for NRIs September 30, 2013 12:05
With rupee touching new lows every week, the non-resident Indians are showing keenness to repatriate money to India or invest in the country. But, by virtue of being a non-resident Indian, they are not allowed…
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Can NRIs invest in shares? September 30, 2013 12:01
Yes, a Non Resident Indian (NRI) is allowed to invest without any limit on non-repatriation basis in shares and convertible debentures of Indian Companies issued either by public issue or private placement or right issues…
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Who can open a foreign currency account? September 30, 2013 11:53
A person resident in India who has gone abroad for studies or who is on a visit to a foreign country may open, hold and maintain a Foreign Currency Account with a bank outside India…
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What is a Resident Foreign Currency Account? September 30, 2013 11:48
Returning NRIs /PIOs may open, hold and maintain with an authorised dealer in India a Resident Foreign Currency (RFC) Account to transfer balances held in NRE/FCNR (B) accounts. Proceeds of assets held outside India at…
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Indian tax laws give NRIs a raw deal September 30, 2013 11:34
There has been a continuous effort in the past decade or so to make the income tax laws simpler, consistent and taxpayer-friendly.The effort has resulted in faster processing of refunds and improving compliance. However, no…
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