Financial Guide

The Non- resident Indians(NRIs) have been allowed by the cabinet to acquire up to 100 per cent of the state- owned Air India and has approved 72 changes to the companies law which is said to pave a way for the direct overseas listing and decriminalizing a host of...

A Resolution has been passed by the State Legislative Assembly of Kerala against the move that has been taken by the Central Government in order to introduce the Income Tax for the Non- Residential Indians (NRI). The Resolution that has been passed is against the Central government’s move that has...

The Non-resident Indians have been banned from purchasing houses in India, prohibit speculative sale and impose 100 percent extra stamp duty on the purchase of second house, as proposed by the Madras High Court aiming to ensure housing for all. The Union housing and the finance ministry has been impleaded...

The government on Sunday has clarified that the Non- resident Indians (NRIs) who are working in the income tax- free jurisdictions such as the United Arabs Emirates would have to pay tax only on their income that is generated in India but no on their earnings that are made...

External Affairs Minister S Jaishankar has said on Thursday that measures in order to facilitate ease of NRI investment in the country will be taken by the government of India. Jaishankar said that the issue is very much in the radar of the government and that they are hoping to...

The annuity payable by the annuity service providers or ASPs to the NRIs and OCIs is legally responsible for the deduction of tax at the applicable rate as per the Double Taxation Avoidance Agreement (DTAA) of the country where in the OCI or the NRI resides, clarifies PERDA on...

We all work hard in the young days of our lives so we can lead a peaceful and stress free life in our old age. Retirement is that one thing that every corporate employee or any business professional looks forward to. If you do have down the road plans...

While there have been consistent roadblocks for the overseas citizens from investing in the pension schemes, the same has changed now. With the new laws passed, the Overseas Citizen of India can now invest into NPS or the National Pension Scheme Tier 1 scheme. In an issued notification, retirement fund...

When it comes to investment, real estate is a booming trend that people are time and time focusing on. With so many possibilities around, NRIs are finding ways to streamline their investments in the same with complete caution. If you are planning your real estate investment in India, it...

The prices of real estate are soaring through with each passing day. If you are based out of India and need to indulge in some good property investment in India, Mumbai and Thane are the best bets for the real estate yields. These two are the best propositions for...