GIFT City FundsTravel is a boarding pass. Permanent settlement is a legal status in another country. It is a new tax domicile. Searches for migrating abroad for permanent settlement..
Tag: FEMA
Funds Repatriation: NRO, NRE, USA & Inward Flows
In search bars, the word does two things. Banks under FEMA mean rupees coming in or going out of India. Insurers mean an air ambulance. So, if..
Non Resident External Deposit: NRE FD Tax & Rules
subject to tax withholding. The other is for overseas earnings. The second box is the non resident external deposit, an NRE savings balance or, more frequently in..
Estate Planning for Indians Abroad: NRI Wills & Assets
Singapore salary account, Pune flat not in same probate court. This division is what estate planning for indians abroad is all about. The plan must work in..
Remittance under LRS: Limit, TCS & How to Send
With a resident account you can’t just make a free-form bank transfer to send money abroad. It’s a scheme with a dollar limit, a purpose code and..
FEMA Violations: Penalties, Compounding & Compliance
Foreign exchange in India is not a private transaction between two bank accounts. It’s a controlled business. A file can be a missed form, a friendly overseas..
How Much Foreign Currency Can I Carry from India? RBI Limits
The annual LRS figure and the airport cash limit are not the same number. Many travellers learn that only at the counter. Knowing how much foreign currency..
11 Key Differences Between NRE and NRO Accounts
Recently an NRI working in the US received rent from a flat in Bangalore and dividends from Indian mutual funds. At the same time, part of the..
Moving to Dubai and Returning to India: An NRI’s Complete Checklist
Indians looking to relocate to the UAE (especially Dubai), or returning to India after a stint in the UAE, have to deal with tax residency rules, banking..