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Host of events to connect NRIs with Odisha
1 day, 18 hours ago

Host of events to connect NRIs with Odisha

New Indian Express  

BHUBANESWAR: The Odisha government has planned a host of activities to ensure a memorable experience for Non-Resident Indians during the 18th Pravasi Bharatiya Divas convention to be organised in the city from January 8 to 10. As overseas Indians, government officials and other dignitaries will be taken on a tour of various places of attraction during the event, tourist infrastructure …

Odisha Nri
How can tenants of NRIs apply for TDS reduction?
2 weeks, 1 day ago

How can tenants of NRIs apply for TDS reduction?

Live Mint  

Under what circumstances a tenant whose landlord is a non-resident Indian can apply for a reduction in tax deducted at source on rent and what are the documents needed to support the application? However, the landlord's actual tax liability will generally be lower due to deductions available against the rent income or lower tax slabs. However, regardless of the landlord's …

Tax Landlord Tenant Income Nri Rent Deduction
Documents of students who got medical seats under NRI quota to be verified by embassies
3 weeks, 2 days ago

Documents of students who got medical seats under NRI quota to be verified by embassies

The Hindu  

For the first time, the Karnataka Examination Authority has decided to send the details and documents of 320 students who secured postgraduate medical seats under the Non-Resident Indian quota to the respective embassies for cross-verification. This decision comes after KEA discovered irregularities involving 21 students who secured postgraduate medical seats under the management quota in the All India Quota while …

Students State Seats Nri Quota Kea Nri Quota
NRI Taxation Explained: How India taxes non-resident Indians
3 weeks, 4 days ago

NRI Taxation Explained: How India taxes non-resident Indians

Live Mint  

An Indian-origin individual living outside India is termed a Non-Resident Indian. Regulations defining NRI status Two primary legislations outline the rules applicable to NRIs in India: Income Tax Act, 1961: Specifies the tax obligations of NRIs. You will be classified as resident but not ordinarily resident for a particular year if you satisfy one of the following conditions: If he/she …

Taxation Income Resident Foreign Nri Foreign Sources Rnor
Understanding Section 80C: Income tax benefits for NRIs and their dependents
3 weeks, 5 days ago

Understanding Section 80C: Income tax benefits for NRIs and their dependents

Live Mint  

My daughter is 21 years old, dependent and has no income of her own. I would like to transfer some of my incometo her savings bank account and invest in her name and through that account to save on my taxable income and tax outgo. Your understanding is not entirely correct about the eligibility of non-residents to claim deductions under …

Income Invest Nri Account Tax Savings Section 80 C Savings Bank
CBSE invites applications for single girl child merit scholarship scheme, details inside
1 month ago

CBSE invites applications for single girl child merit scholarship scheme, details inside

Hindustan Times  

The Central Board of Secondary Education in an official notification invites ‘online applications’ from eligible students for the single girl child merit scholarship scheme. Students can submit their online applications on the official website at cbse.gov.in for the CBSE Single Girl Child Scholarship 2024 Scheme, i.e. About the scholarship scheme: The board aims to provide scholarships to meritorious female students …

Students Board Scholarship Class Cbse Nri Class X
Tax breaks, reforms, and returns: Why NRIs are banking big on India
1 month ago

Tax breaks, reforms, and returns: Why NRIs are banking big on India

Live Mint  

India is cementing its reputation as a prime destination for global investors, with inflows into NRI deposit schemes surging to $7.8 billion between April and August this year—more than double the figure from the same period last year. By refining tax rules, increasing transparency, and aligning with global trends, the reforms position India as an attractive and efficient investment destination …

India Financial Tax Investment Reforms Indian Capital
NRI’s Guide to Buy Properties in India
1 month ago

NRI’s Guide to Buy Properties in India

The Hindu  

Table of Content With the growing real estate trends, it appears good to invest in real estate, particularly for non-resident Indians looking to purchase properties in India. However, for quicker completion of the acquisition process, NRIs must familiarize themselves with India’s property ownership laws and rules and adhere to any restrictions imposed by state or municipal governments on NRI property …

India Real Estate Properties Property Indian Estate Real
NRI investing in Indian stocks? Know about TDS on capital gains
1 month, 2 weeks ago

NRI investing in Indian stocks? Know about TDS on capital gains

Live Mint  

I have been a non-resident Indian for many years and have invested in Indian stocks using income earned abroad, deposited in my NRE account. While interest earned on NRE savings accounts is tax-exempt, this exemption applies only to interest income, not to capital gains from the sale of investments made using an NRE account. Even though the funds used to …

Indian Income Capital Gains Nri Account Accounts Gains
Administrative mechanism sought for NRI grievance redressal in Andhra Pradesh
2 months, 3 weeks ago

Administrative mechanism sought for NRI grievance redressal in Andhra Pradesh

The Hindu  

The Greater Washington Telugu Cultural Sangam has urged the Andhra Pradesh government to establish a grievance redressal mechanism for the Telugu community living abroad, adding that the Punjab government has taken proactive steps in this regard. Mr. Bulleiah Choudary told The Hindu that the NRIs have various grievances in Andhra Pradesh, like safeguarding their properties, land-related disputes, matrimonial disputes, duping …

Telugu Grievance Redressal Washington Nri Nris
Surge in NRI Investments 2024: India’s Real Estate Market
3 months ago

Surge in NRI Investments 2024: India’s Real Estate Market

The Hindu  

A surge in NRI investments has been registered in the Indian real estate market by 15-20% over the last twenty months. Optimism in the Indian Economy leading to surge in NRI Investment: As of 2023, non-resident Indians have spent more than thirteen billion dollars on real estate. According to sources, it is anticipated that by 2025, the surge in NRI …

Real Estate Market Investments Estate Indians Nri Nris
MBBS admissions: Punjab HC junks govt’s notification on changes for NRI quota
3 months, 1 week ago

MBBS admissions: Punjab HC junks govt’s notification on changes for NRI quota

Hindustan Times  

The Punjab and Haryana high court has quashed the Punjab government notification amending conditions for NRI quota admissions for MBBS courses in the state’s medical colleges. The high court bench of chief justice Sheel Nagu and justice Anil Kshetarpal allowed the pleas against the move observing that the expansion of the ‘NRI’ definition through the August 20 notification was ‘arguably …

High Court Admission Mbbs Nri Notification Quota Punjab Hc
MBBS, BDS admissions: After HC stay, BFUHS puts result of NRI seats on hold
3 months, 3 weeks ago

MBBS, BDS admissions: After HC stay, BFUHS puts result of NRI seats on hold

Hindustan Times  

After Punjab and Haryana high court stayed the decision of the Punjab government changing the admission criteria in MBBS and BDS courses under the non-resident Indians quota, the Baba Farid University of Health Sciences put provisional result for NRI seats on hold. The BFUHS in a notice on Thursday said, “In the light of interim orders of the Punjab and …

Candidates Haryana Punjab Mbbs Nri Provisional Bds
Now, NRIs’ kin to be eligible for quota in MBBS, BDS admissions in Punjab
4 months ago

Now, NRIs’ kin to be eligible for quota in MBBS, BDS admissions in Punjab

Hindustan Times  

Baba Farid University of Health Sciences on Tuesday modified provisions for admissions to MBBS and BDS courses under the non-resident Indian quota allowing the nearest relatives of an NRI to be considered under the quota following an order issued by the department of medical education and research. Priyank Bharti, secretary, DMER, issued the order regarding the partial amendment for the …

Indian Order Seats Punjab Dmer Mbbs Nri
Hyderabad Real Estate: India’s Second Most Expensive Market
4 months, 1 week ago

Hyderabad Real Estate: India’s Second Most Expensive Market

The Hindu  

Hyderabad real estate remains the second most expensive real estate market in India after Mumbai. Affordability remains the same in Hyderabad Real Estate: Although Hyderabad is holding the second position of being the most expensive residential market, this hasn’t affected affordability factors. Below is the EMI-to-income ratio for different cities in India: City 2010 2019 2020 2021 2022 2023 H1 …

India Real Estate Hyderabad Market Affordability Estate Real
Bengaluru top choice for non-resident Indians eyeing budget and mid-segment homes
5 months, 1 week ago

Bengaluru top choice for non-resident Indians eyeing budget and mid-segment homes

Hindustan Times  

Bengaluru has held on to its status as the top choice for non-resident Indians looking to invest in India’s residential real estate market, especially those eyeing budget and mid-segment housing, data sourced from multiple consultancy firms by HT.com showed. Bengaluru holds on to its status as the top choice for non-resident Indians eyeing budget and mid-segment homes The city’s pleasant …

Real Estate Bengaluru Property Sales Indians Nri Nris
Can an Australian NRI get exemption on capital gains?
6 months, 1 week ago

Can an Australian NRI get exemption on capital gains?

Live Mint  

I live in Australia with my family. The Finance Act 2023 made certain amendments in lieu of which capital gains on sale of debt mutual funds are deemed to be treated as short-term capital gains irrespective of the period of holding. Under the India-UAE double taxation avoidance agreement, mutual fund units qualify as ‘property’ not described under other paragraphs of …

India Australia Tax Indian Mutual Funds Capital Gains Funds
Do I need to report inward remittances?
6 months, 3 weeks ago

Do I need to report inward remittances?

Live Mint  

I am an engineer working in Saudi Arabia and have been repatriating my income to India via remittances to my Non-Resident External account. —Jaydip Patel The Indian income tax law does not tax incomes that have been earned by a non-resident outside India, unless they are received directly in India. Interest earned on Foreign Currency Non-Resident and Non-Resident External deposits …

India Tax Income Nri Earned Deposits Remittance
NRIs from 10 countries can now make UPI payments using ICICI Banks’s iMobile Pay
7 months, 2 weeks ago

NRIs from 10 countries can now make UPI payments using ICICI Banks’s iMobile Pay

Live Mint  

ICICI Bank launched a new facility for Non-Resident Indian customers, enabling them to use their international mobile numbers to make instant UPI payments in India on May 6. This feature would be available through the bank's mobile app, iMobile Pay, and marks a significant shift from the previous requirement for NRIs to register an Indian mobile number for similar transactions. …

Payments Indian Bank Number Icici Bank Nri Upi
Non-resident Indians from the US dominate real estate sales in Bengaluru; 2BHK and 3BHK housing units most popular
7 months, 3 weeks ago

Non-resident Indians from the US dominate real estate sales in Bengaluru; 2BHK and 3BHK housing units most popular

Hindustan Times  

Bengaluru continues to attract non-resident Indian buyers who account for almost 15% of housing sales in the city. Preferred investment options in Bengaluru The most preferred investment options are 2 and 3 BHK apartments, comprising 78% of sales. NRIs account for 15% of housing sales in Bengaluru According to Nesara B S, chairman, Concorde, NRI buyers account for almost 15% …

Real Estate Bengaluru Indian Sales South East North
Telangana HC Criticises Cops for Adding NRIs as Accused in Dowry Case
8 months ago

Telangana HC Criticises Cops for Adding NRIs as Accused in Dowry Case

Deccan Chronicle  

Hyderabad: The Telangana High Court faulted the police for arraying some non-resident Indian family members as accused in a case of dowry harassment case and cruelty against women, on general allegations two years after filing the final chargesheet. The court pulled up the police for filing supplementary charges on their own, after the Judicial Magistrate had taken cognisance of the …

Nri Chargesheet
Do NRIs have any rights to cast their vote in India?
8 months ago

Do NRIs have any rights to cast their vote in India?

India Today  

NRI voters are Indian citizens living abroad for various reasons like employment or education, without acquiring citizenship elsewhere. Here's a step-by-step guide on how NRI voters can participate in the electoral process: To register as an NRI voter, complete Form 6A online via https://voterportal.eci.gov.in/ and submit the required proofs You'll need to attach one recent passport-sized coloured photograph to Form …

Nri Indian Vote Nri Voters
Forum for NRI rights seeks CM’s initiative in constituting NRI Welfare Board
8 months, 1 week ago

Forum for NRI rights seeks CM’s initiative in constituting NRI Welfare Board

The Hindu  

The Forum for protection of rights and welfare of NRIs has urged Chief Minister A. Revanth Reddy to take initiative for constitution of Indian Overseas Welfare Board in the interests of over 25 lakh Indian origin people working in different countries across the world. The Board should be formed on the lines of the National Construction Workers Welfare Board so …

Welfare Board Indian Nri
Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City
8 months, 3 weeks ago

Axis Bank introduces digital opening of US dollar FDs for NRIs at GIFT City

Business Standard  

Axis Bank on Tuesday announced the introduction of digital US dollar fixed deposit for NRI customers at the IFSC Banking Unit at GIFT City, Gujarat. NRI customers of the bank can now open US dollar fixed deposits at GIFT City through 'Open by Axis Bank'; the mobile banking application of the lender, it said. This offering simplifies the process of …

Bank Nri Axis Gift City Nri Customers