Plan Your Investment

Portfolio Investment Scheme (PIS) is a scheme introduced by Reserve Bank of India (RBI) under the Foreign Exchange Management Act 2000. As per the scheme, NRIs and Overseas Corporate Bodies (OCB) can buy and sell Indian companies shares through recognized stock exchanges in India. The transactions for buying and selling shares has to be routed [...]

NRIs have certain difficulties on investing on the Indian market. This is restrictions imposed by the Indian regulators to protect the Indian market from illegal money to be used in the stock market. One good thing is NRIs need not get any approval from the regulators to invest in India unlike foreign institutional investors who [...]

As per the current foreign exchange regulations rules in India, a NRI can purchase, gift or inheritance of the immovable property if it is residential or commercial. But, the property can not be agricultural land, farm land or plantation property if the transaction is of purchase or gift. This restriction however will not stop a [...]

If you are traveling abroad very frequently or you are just return from your onsite trip, then make sure that you are aware of the taxation rules for your abroad income. When it comes to deciding whether you have to pay tax in India or not, your  residential status has a major role to play. [...]

Buying a house is dream for many citizen. It is a life time achievement for many in our country because of the cost associated with buying or constructing a new house. If you are a NRI (Who are NRIs?), it is quite easy for you to afford a house in India with your abroad income. [...]

We are spread across the world and there is no limit for crossing the border of our own country. Those who are Indian citizen and residing outside India is known as Non Resident Indian (NRI). The common reason for travelling abroad is to get the better job opportunity or higher education. Some of them will come back [...]

It is common problem for an Non Resident Indian (NRI) to carry out the necessary operations in India without his presence. He may have own properties in India which provides rental income, bank accounts which provides interest income, etc. must be reinvested and used accordingly when he is not in India. It is not easy [...]

This article explores few basic ideas on how Non Resident Indian (NRI) can take the credit from India for their investments. It is very common that NRIs don’t have the clear idea on seeking the credit from Indian banks to invest in India. This leads to drop the plan of investing in India. The fact [...]

In my previous articles I have explained about the different types of NRI bank accounts. These accounts are opened while you are in abroad and maintaining the NRI status. These accounts has to be converted into resident account (normal savings account) when you are returning to India. Sometimes, when you are returning to settle permanently [...]

Earlier I have written many articles related to the NRI investment and NRI status related issues. Still, I get lot of questions from the readers about the NRI bank accounts and their status. I thought it should be good to write another set of articles explaining the basic concepts on NRI related issues. This post [...]