NRI
- How to cut your TCS hit if you invest in foreign assets
Starting from October 1, 2023, Indian residents investing in foreign assets will be subject to a Tax Collected at Source (TCS) of 20% on foreign remittances exceeding Rs 7 lakh. This change in tax reg...
- Are you an NRI with inoperative PAN? Here's what you can do now
After the expiry of deadline to link PAN with Aadhaar on June 30, 2023, it may happen that an NRI finds that his/her PAN is inoperative. If you find yourself in such a similar situation, then here is ...
- Inoperative doesn't mean inactive: Tax department allays NRIs' fear over PAN cards
While Non-Resident Indians NRIs are not required to obtain an Aadhaar number, the recent conclusion of the deadline for linking PAN and Aadhaar numbers caused distress for many NRIs, as their PAN card...
- PAN-Aadhaar linking: What NRIs need to know about inoperative PANs
- How to navigate the EB-5 program for success
Understanding and mitigating these risks is crucial for prospective EB-5 applicants to ensure a smooth and successful immigration journey.
- Using your credit card abroad to not attract TCS anymore
Banks and the Reserve Bank had flagged the difficulty in executing the TCS regime on credit cards to the government. The finance ministry on May 16 scrapped Rule 7 of the Foreign Exchange Management (...
- Credit card spend in forex to come under RBI's remittance scheme
Earlier, the usage of international credit cards (ICCs) for making payments for fulfilling expenses during travel outside India was not included in the LRS limit.
- Indian economy benefited from diaspora: RBI's Michael Patra