#NRIs


 

New tax rules for NRIs starting FY25

The Finance Minister announced several changes in the 2024 Union Budget that are intended to streamline and rationalize certain aspects of taxation, along with improving the ease of doing business in India. Several of these measures apply to capital gains and income for all tax-filing entities and, hence, would apply to the 30 million+ NRIs […]

Co-founder & CEO, Belong - NRI Savings & Investments
9
25 Sep 2024
 

GIFT City benefits for NRIs

I have been an NRI living abroad for the past 10 years. I have heard a lot about GIFT city benefits for NRIs, and I would appreciate it if you could elaborate a bit.  The International Financial Services Centre (IFSC) at GIFT City in Gujarat, India, offers several advantages to Non-Resident Indians (NRIs) living abroad. […]

Partner, Cyril Amarchand Mangaldas
0
16 Aug 2024
 

Investing in GIFT City: 5 Key Questions Answered

GIFT City is short for Gujarat International Finance Tec-City. Situated close to Ahmedabad, GIFT City facilitates all financial transactions in India using foreign currency (not Indian rupees). Though it is located within India, it is considered a jurisdiction separate from the rest of India. You might wonder what the use of GIFT City is. Countries […]

Partner, Cyril Amarchand Mangaldas
1
01 Apr 2024
 

NRI rules that apply to buying and selling equities and immovable property

The query has been answered by Anjali Malhotra, Partner- Regulatory, Nangia Andersen India. Individuals residing outside India, such as Non-Resident Indians (NRIs), Persons of Indian Origin (PIO), or Foreign Nationals, have to take into consideration the requirements & conditions laid down by the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA) […]

Nangia Andersen India
0
13 Feb 2024