Introduction:Despite moving overseas, NRIs remain connected to their roots in some form or another. For example, the NRIs often have to take care of their near and dear ones or ancestral properties in India. In another scenario, NRIs earn passive income such as rent and investments in India, and they need this money in their […]
NRIs from USA/Canada facing compliance considerations, if they wish to invest in India, differ from those from other countries. There are many AMCs (Asset Management Companies) in India that allow USA and Canada NRIs to invest in mutual funds in an easy and hassle-free manner. Let’s understand the rules governing USA/Canada NRI investments in India. […]
When I got to know about NRI Legal Services, my initial thought was sceptical and apprehensive. Having made an appointment to discuss my issues of repatriation of monies, I felt so reassured that we agreed to go with the service they provided.The whole process was very straight forward, any hurdles were come over with their professionalism […]
NRIs open NRE/NRO account to manage their funds and for the purpose of repatriation of funds they use these accounts to deposit foreign income or income accruing in India. Repatriation from these accounts means remitting the funds to the country of residence of NRI.The repatriation of funds can be repatriated to the foreign account of […]
What happens if I transfer my inheritance money abroad?When you transfer your inheritance from India, you must pay inheritance tax and other taxes in the country you live in. Different countries have various laws, so it is important to check them out because you might end up paying for expensive fines or even a criminal […]