Big ups to everyone working effortlessly trying to make a living while building wealth. I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this ,.
Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.
This rule that Buyer should deduct 20% TDS if they are buying from NRI/OCI. How do we inform IT that I am reinvesting bonds or another property and avoid TDS?
Thank you for the very useful information; we appreciate your effort in putting it together. What are some example platforms for FII mutual funds you mentioned in the video?
For example, ICICI Prudential and Nippon India Mutual Fund offer FII options. International mutual funds include Vanguard, Fidelity, and BlackRock. You can find more online. For investment advice or specific fund recommendations, you can consult CA Arun Tiwari. Feel free to contact our NRI Desk at cs@aktassociates.com or 8080088288.
Double tax treaties generally prevent income from being taxed twice by allowing tax credits or exemptions in the NRI's home country. For more information, you can reach out to cs@aktassociates.com or 8080088288
Yes, NRIs must file an ITR to claim the ₹1.25 lakh exemption, despite TDS being deducted. For more information contact our NRI Desk at cs@aktassociates.com or 8080088288
NRIs can directly invest in mutual funds from fund Houses. For LTCG you have to pay 12.5% TDS, and for STCG it's 20% TDS. For more information, you can reach out to cs@aktassociates.com or 8080088288
Only the Long Term Capital Gain on sale of a property (land) to be invested in a Residential Property to save the tax and not the whole proceeds. Am I right?
GM, Question on FD, please help to understand. If at the time of FD, person is NRI and at the time of maturity of the same FD, his status is residential. What will happen with Interest earned in in the tenure? Example FD date 7th Aug-2024 in NRE account. Maturing date is 8th Aug-2025. And on 1st April 2025 person came back India for permeant. What will happen on interest earned?
Sir sending money to India cost through bank both the banks sending and receiving bank in India take their margin as a handling charges and it becomes expensive for normal people in sending money in foreign currency
‘TO KEEP THE PROPERTY FOR CERTAIN AMOUNT’…. IS THIS PERIOD OF MINIMUM OF 2+ YEARS? (To sell & buy new property & again to rollover every 2 years?). ‘YES, WE CAN GET THE FOREGN CURRENCY HERE -USA- AT 2-3- OR EVEN AT 0% ON OUR CREDIT CARDS’ however, transferring a huge amount & IF THE GOVERNMENT OF INDIA REPORTS IT TO OUR IRS; JUST IMAGINE THE TAXES WE HAVE TO PAY IN OUR FOREIGN COUNTRY; as the annual income increased ? ITNIS ALSO LITTLE RISKY TO LEAVE THE PROPERTY UNATTENDED UNTIL ITS BEEN SOLD! Your guidelines were informative but also makes a little nervous at the same time…. It’s even hard to get a tenants in this economy; how to deal with (guaranteed) sells? … many questions & veer blurry answers.
You don’t even know there is important tax free income from life insurance policies!! I think you are promoting mutual funds to NRI s ! Even though they are taxable and not even guaranteed!!
This video is a bit misleading, even if your interest in NRE account is non-taxable in India. It is taxable in your residential country where you are a tax resident. For example in UK or Sweden or any countries also 1.25, lakh capital gain, which is accepted in India is taxable at your tax resident country, so this video does not provide a true picture
Sir if r working on 1 year contratual job in Dubai, & plan to a demat ac in india, then is it essential that it should b a non pis ac because after 1 yr there is no job confirmity. Pls advice
