For Non-Resident Indians
What are the tax implications in India for a Non-Resident Indian (NRI) residing in any country other than USA?
The Capital Gains are not liable to tax in India. Irrespective of the country where the NRI resides, any income of a non-resident is chargeable to tax in India only if it is accrued or received in India. As per ITA, deduction of expenditure or ...
What are the KYC documents required for NRIs?
The following KYC documents are required for ID & Address proof for NRIs: ID Proof (Any of the below): • Passport • Aadhaar card • Any government issued ID (should contain name, photo & date of birth) Address Proof (Any of the below): • Utility bill ...
Can NRIs invest via Fintso?
Yes, NRIs can invest via Fintso. If NRIs are adding funds via India, they can use their existing NRE or NRO accounts and if they are adding funds from their foreign bank accounts which do not fall under LRS, they can directly remit funds from their ...