Can NRIs invest in mutual funds in India?
Yes, any NRI can invest in mutual funds in India, if they follow some certain conditions under Foreign Exchange Management Act or FEMA Act 1999.
How much money can you gift tax free to a family member tax free in India?
There is no limitations on the amount of money that can be gift tax free to a family member in India. But, it is essential to check rules and regulations for whom does the clauses apply and whether all kinds of gifts are allowed or not.
How much money can NRI transfer to India in one year?
There is no limit on the amount that can be transferred to India by NRIs. There are certain criteria for being an NRI so it is important to check whether you are considered to be NRI or not. For further details, read through the details ahead.
What is a tax deduction in India?
The people of a country pay taxes to the government based on what they earn. However, if you want to reduce your tax, then there are specific ways in doing so. Tax deductions help taxpayers reduce their tax liability towards the government, enabling them to take home more of their earned money.
Is NRI money taxable in India?
NRI money is taxable in India under certain circumstances usually when the income is earned in India. There are also many deductions and exemptions available. For further details read the long form with description.
What are tax implications on money transfer from USA to India?
To understand the tax implications for sending money, it is important to know where the individual is sending the money and for what purpose. As these implications depends on these factors and plays a huge role.
What are the tax implications on investments done outside of India?
Every Equity Investor should maintain some part of their portfolio diversified into foreign companies. This can be achieved through Foreign brokers or Mutual Funds and ETFs that invest in abroad markets. Investing abroad has many benefits such as exposure to the top global companies like Facebook, Amazon, Ford, etc. The tax implications on investments made outside India are different as foreign Equity is taxed as Debt Mutual Funds
How can NRIs from the United States invest in Mutual Funds in India?
NRIs living in the United States can invest in Indian Mutual Funds, but there are some hassles that have to be overcome. You will require an NRE, NRO, or FCRN account in order to convert the foreign currency into Indian rupees, post which you can complete the KYC and begin investing in Indian Mutual Funds.
Can NRI invest in Indian stock market?
Yes, NRIs can invest in Indian stock market. It is essential for the individual to check if he is considered as NRI or not according to the norms of the government. If yes, only then he can invest. There are also certain rules and regulations that must be followed.
Can a foreigner invest in India?
Yes, a foreigner can invest in India only thorough government-regulated channels. Let's learn about some of the investment alternatives.