NRI ( Page 64 of 82 )

Pros and Cons - External Account for Non Resident September 30, 2013 05:56

Persons of Indian nationality or origin residing outside of India may open, with authorised banks in India, Non-resident External Accounts (NRE Accounts), designated in rupees. These accounts can be in savings, current, or term deposit…

When NRI needs to file income tax return in India? September 30, 2013 05:58

The obligation to file income tax return in India is dependent on the residential status of the person. So, if you fall in the NRI category as per the Income Tax rules in India and…

Income Tax Payable by NRIs September 30, 2013 05:49

According to the Income Tax Act of 1961, an annual tax is levied on income by the Central Government of India. This is known as Income Tax. According to the rules applicable to the NRIs…

HSBC fears significant penalty in NRI tax evasion probe September 30, 2013 05:40

Global banking major HSBC has said it may face "significant" penalties from the US authorities with regard to an ongoing probe into suspected tax evasion by the US-based clients of its Indian unit, among other…

Indian students paying for their studies abroad September 30, 2013 05:38

Unless one has a scholarship or their own funds to pay for their studies abroad it may not be possible to go overseas for studies as the cost of study in foreign countries especially for…

The tax implications for NRIs buying property September 30, 2013 05:22

The falling rupee and the lull in the property market in many cities are attracting Indians settled abroad to consider property investments in India. Non-resident Indians are allowed to purchase residential or commercial property in…

Modes of acquiring Indian citizenship September 30, 2013 05:30

By Birth (section 3) A person born in India on or after 26th January 1950 but before 1st July 1987 is a citizen of India by birth irrespective of the nationality of his parents. A…

Illegal Immigrants - Living in Fear September 30, 2013 05:21

The Center for Immigration Studies an independent, non-partisan, non-profit research organization in a publication reported that in the year 2000 there were 7 million illegal aliens living in the United States. India is not the…

Sanford PD gets new PIO Officer September 30, 2013 05:15

The Sanford Police Department, which last year became one of the most maligned in the nation, has hired a new public information officer.Shannon Cordingly, 32, of Saginaw, Mich., a former police dispatcher who trained for…

Parents Migrating Abroad September 30, 2013 05:16

Elderly Parents of children presently settled abroad who are in the planning stages of permanently moving to foreign countries to settle with their children are urged to do a reality check, before making the decision…

Facilities enjoyed by a PIO Card Holder in India September 30, 2013 05:08

A PIO Card holder shall not require a separate visa to visit India. A PIO card holder will also be exempted from the requirement of FRRO registration, if his stay on any single visit does not exceed 180 days. All PIO Card holder shall enjoy parity with NRIs in respect of all facilities available to the latter in economic, financial and educational fields except in matters relating to the acquisition of agricultural/ plantation properties. No parity shall be allowed in the sphere of political rights.

PIO delays attract penalty September 30, 2013 05:03

The Public Information Officers’ delay in providing details that people seek under the Right to Information Act seems to be costing the officials dear for more and more applicants are now approaching the District Consumer…