NRI Taxtech

Did you know that no sectoral caps AKA FDI investment caps under FEMA apply on investments made by NRIs on a Non-Repatriable basis.

Apart from this, many other onerous compliances are let go in cases of non-repatriable foreign investments received from NRIs, namely further downstream investments from such NRI investments are not treated as FDI since such investments are quoted as deemed domestic downstream investments. More on this topic in our upcoming content under this series.

Are you an NRI thinking of lending to your Indian relatives ?

As an NRI, are you permitted to ibrahim loan from an Indian Company ?

Whether an NRI can but property in India taking loan from Indian banka after becoming NRI ?

Here’s our brief NRI Bulletin covering few key aspects of NRI related lending with coverage of FEMA provisions governing it. We have covered in this Bulletin, the key end user reatrictions applicable in loan Transactions and other key lending related takeways.

For more such insightful NRI Bulletin’s, follow our LinkedIn page or message us directly.

Many a times, NRIs have houses in both India and abroad. Some have other assets both in home country and the country of residence due which they face the challenge of dual residency in two states, which have tax implications in both India as well as the overseas country.

Accordingly it is pertinent for the NRIs to get the tax treaty analysed by an international tax expert and use the Tie Breaker clause to decide the matters of dual residency and hence the obtaining of attached tax treaty benefit.

A detailed newsletter to follow on this matter in public interest of the NRIs community.

What is more beneficial for NRIs - receiving dividend from Indian investee Companies and paying DDT or buying back their shares ? Find out in our upcoming newsletter covering the topic in detail.

According to Ministry of External Affairs, nearly 13.6 million NRIs, 18.68 million PIOs and 32.3 million OCIs reside outside India, making India as a key contributor to global migration. While nearly 25 lakh Indians migrate overseas in quest for better education, financial opportunities and lifestyle choices, it becomes pertinent to identify, plan and be aware of the key tax and foreign exchange implications applicable in smoothly effecting such change.

In this October issue of NRI Bulletin, we have attempted to bring together the finer points and key tax and FEMA implications that every migrating resident should adhere to and understand before making the big leap of faith. While this is just a short list of key impacts, a detailed analysis is required to be done on a case to case basis.

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Did you know that the interest earned by NRIs on their FCNR account in India is subject to tax exemption only till their residential status remains a certain way.

Even though NRIs leave the country in quest for better opportunities and lifestyle, they never seem to disconnect from India holistically. The ties remain and over the decades, given the fast scale development, emergence of digital India and attraction or our country as a popular investment destination amongst Asian countries and worldwide, the investments from the NRI diaspora worldwide has is on an increasing trajectory. Follow us to stay connected with the latest amendments, key tax and regulatory impact analysis and ongoing knowledge spread.

There are certain connected tax and regulatory aspects that all NRIs must consider while they are planning their investments and finances in India. We at NRI Taxtech attempt to provide light on certain such important legal aspects that every NRI must ponder and plan about financial transactions in India.

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Even though NRIs leave the country in quest for better opportunities and lifestyle, they never seem to disconnect from India holistically. The ties remain and over the decades, given the fast scale development, emergence of digital India and attraction or our country as a popular investment destination amongst Asian countries and worldwide, home coming by NRIs is an increasing trend that has caught the interest of the NRI diaspora globally.

However, there are certain connected tax and regulatory aspects that all returning NRIs must consider while they are still planning ahead their homecoming for good. This edition of our NRI Tax Communique attempts to provide light on certain such important legal aspects that every returning NRI must ponder and plan about while setting to action their plans of settling back in India.

Can non-resident spouse of NRI acquire immovable property in India ? Find out more in our upcoming infographics and follow us to find out more information on this. Our articles are specifically designed to educate the NRI community and others on tax and FEMA aspects relating to NRIs and their investments in India. Follow us for more insights.

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Is a returning NRI required to inform the AD banker about their FCNR(B) deposits in advance ? Find out more in our upcoming infographics and follow us to find out more information on this. Our articles are specifically designed to educate the NRI community and others on tax and FEMA aspects relating to NRIs and their investments in India. Follow us for more insights.

Who is an OCI Cardholder ? Find out in our infographics and follow us to find out more information on this. Our articles are specifically designed to educate the NRI community and others on tax and FEMA aspects relating to NRIs and their investments in India. Follow us for more insights.

GIFT City was set up with an intent of providing an international investment hub offering a wide range of tax efficient financial products including derivatives, commodities, foreign currencies etc., appealing to an international audience with eligible ticket size.

Gift City is an equivalent of a free trade zone under Indian foreign exchange norms but for specified investment avenues only. Features like ease of opening account, KYC for eligible investor group, an independent regulatory authority, seamless transition of foreign currency transactions, no GST applicability on investment related services etc. have posed as key attractions of the entire concept.

This NRI Bulletin is an attempt to summarise the benefits from an NRI investor viewpoint and offers a snapshot point by point reference of the key benefits of investing in IFSC by NRIs.

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