Welcome to NRI Information
Now over 10 years on the web for NRIs
Welcome to NRI Information. This website is designed specifically
for NRIs (Non-Resident Indians) worldwide, with the aim of
providing comprehensive support in understanding and
addressing the issues faced by non-residents
dealing with their NRI status in India.
The purpose of this website is to provide
readers with the knowledge and resources
necessary to navigate the unique
challenges that arise as an NRI.
With over 50 years of personal
experience as a non-resident, I am
committed to giving back to the
community. This website is completely free of charge. No login or
subscription is required.
There are no commercial advertisements on this website to
ensure a positive reading experience. Included in the website are
over 1000 frequently asked questions (FAQs), received from NRIs
worldwide, addressing a diverse
range of topics. We strive to assist
you in making informed decisions
and overcoming obstacles.
Once again, welcome to NRI
Information.
V. K. Chand
Supreme Court of India on September 25, 2018 finally issued
a verdict on the validity and requirement of Aadhaar Card.
Now not required to open bank account etc.
Higher tax for those who hold two or more properties in India.
NRIs tax on rental income.
As per Indian Income Tax Act, there is no income tax charged on
properties that are self occupied. If a person owns more than
one property . . .
As reporting of foreign bank accounts of non-residents
between governments moves forward & the requirement to
provide documents repeatedly to keep NRI bank accounts
increases, some NRIs may be wondering if its time to close
their NRI bank accounts
Parents planning on moving overseas to live with their children
who are presently settled abroad. Before you dispose off your
property and burn your bridges
India will now share NRI bank
account holders information with
the account holders home
countries. FATCA & CRS reporting
requirements for USA . . .
How to transfer money from the sale of property to your
bank abroad. Legal method to repatriate money from
India to a foreign destination . . .
A decision parents many Indian parents make for their foreign
born children. Is registration compulsory? Options for parents
when making citizenship decisions for their child
Taking Jewelry to India from abroad. Customs duty on gold
in India. Taking gold jewelry to India for personal use. Tips
for NRIs who take gold to India. Taking gold jewelry in or
out of India. Duty free allowances and more . . .
Calculating capital gain on sale of property purchased prior
to 1980 when cost inflation index number is not available.
Fair market value calculating
Governments offer grants and incentives to help new business
entrepreneurs as it helps job creation. In India both the central
and state governments offer incentives such as cheap land,
loans at favorable rates.
Buying travel medical insurance in India can sometimes
turn out to be quite an ordeal. Buying insurance from the
country you visit can help with speedy claims . . .
Before you buy Travel Medical Insurance in India Read this
article.
Buying a used car may be the easiest purchase one can make
in the western world. In North America, in most cases you can
just walk into the dealership and the chances are you may be
able to even drive out with your purchase. However NRIs
buying used cars in India need to be alert about financial loss
as well as legal issues they may run into . . .
Transfer from NRO to NRE in two days!
On July 5, 2023 we approached Axis Bank to
transfer funds from our NRO account to our
NRE account and submitted the required
documents.
The transfer was done on July 7, 2023 in just
two days! Made possible by Mr. Rahul Sinha,
Relationship Manager – NRI Banking.
The ease and speed of such transactions could vary depending
on the bank employee's familiarity with the procedure.
Knowledgeable staff could facilitate the process efficiently, but
if the person handling the documents is unaware of the
procedure, it may lead to delays and frustrations for NRI
account holders.
Read full article.
Speedy Justice Initiatives India
The Bureau of Police Research & Development India
communicated pivotal advancements by the Government of
India toward expediting the justice system. Notable changes
outlined include: Implementation of a maximum three-year
time-frame for justice delivery, eradicating prolonged waiting
periods. Mandatory registration of e-FIR within three days for
electronically submitted complaints. Framing of charges within
60 days from the initiation of the first hearing on the charge
and many more changes. OPEN ARTICLE To view all changes
US citizens living in India are expected to file their US taxes
every year. Not complying with US tax laws can turn out to be a
costly affair . .
Procedure to transfer from NRO to NRE
Article on how to transfer funds from NRO to NRE is available
HERE
NRIs, PIOs & OCI holders who hold passports of
Australia, Canada, Germany, UK and many more
countries will soon have their Indian NRI bank
account information made available to the tax
authorities of their home countries. A step by many countries
to stop people from evading taxes by . . . Read full article.
Taking gold to India and how much customs duty that one has
to pay on arrival in India is one of the frequent questions being
asked by many NRIs across the world. Rules keep changing
Information on changing date of birth on your Indian
passport. Making corrections to Indian passport
Having difficulty getting documentation to prove your
Indian origin? There is an alternative to get other type of
documentation to prove your relationship to your
ancestors, even if they left India before several years ago.
PM Mr. Modi announces 10 year visa for Canadians similar to
USA citizens. From May 1, 2015 Canadians will be included in
the list of countries eligible for the previously announced visa
on arrival scheme e- Tourist Visa.
What are the chances you will get your money back? Will your
bank in India help? Will you have to file a civil lawsuit against
your bank to recover your money?
Which countries today are accepting new immigrants? Which
country should you immigrate to? Don’t get scammed by
questionable immigration consultants and end up as an
illegal immigrant
CIF Value used for customs duty on car’s in India taken by
NRIs. Depreciation allowed when calculating used car value
Many OCI or PIO applicants have difficulty obtaining
acceptable documentation showing that they are indeed of
Indian origin. This leads to an extended delay in processing
applications, many applicants are denied OCI registration, due
to lack of proper proof, showing their Indian origin. A Nativity
Certificate may help . . .
Despite new stringent regulations, unless everyone in India
starts declaring their true income and paying taxes black
money will again result in cash payments for
NRIs Returning to India: The improving economic situation in
India and the increase in unemployment levels in many
western countries, has resulted in many NRIs already returning
to India.
Government has clarified that mandatory quoting of Aadhaar
shall apply only to a person who is eligible to obtain Aadhaar
number.
Be alert when buying agricultural land in
India. Buying agricultural land that may be
converted to residential land.
NRIs who own agricultural land prior to
becoming NRI can continue to hold land, no requirement to
sell.
Lost or damaged your OCI Card? Filing a police report,
interview for new documents, applicable fee and where to
apply. Here are step by step instructions on replacing your
OCI documents. Easy to follow step by step procedure.
Procedure to transfer from NRO to NRE
Article on how to transfer funds from NRO to NRE is
available HERE
Those who acquire Indian citizenship can under some
situations lose their citizenship. The government of Indian
can revoke your citizenship under some . . .
Canadian government pensions that are payable for Canadian
retires who chose to retire in India. Benefits available or lost if
retiring abroad.
Government has clarified that mandatory quoting of
Aadhaar shall apply only to a person who is eligible
to obtain Aadhaar number.
How foreign doctors can get approval to practice medicine
in India. Foreign doctors can work in India provided they
fulfill two conditions.
Filing a police complaint in India on-line has been
announced quite a few times, Is this really possible?
Medical costs in India are rising, as Indians seek to
protect themselves with medical insurance, are they
wasting their money? Checklist for choosing a
medical health insurance company
Pensioners who are currently receiving pensions in India
and move abroad permanently or acquire foreign
citizenship can have their pension sent abroad to them.
Furthermore, NRIs/PIOs who do not maintain NRO Account
and have no taxable income in India need not submit a
Chartered Accountant’s certificate for remitting their
current income like pension.
Paying their way through university is often heard from
students abroad. How much money can foreign students
make. Can they really pay their way through college by
working simultaneously.
Many countries are now facing problems with
illegal immigrants.
Yet potential immigrants continue to become
victims of unscrupulous immigration
consultants. Instead of legally immigrating they
find themselves trapped in a foreign country.
How do you get a driving license in India. Smart card
driving licenses are now being issued in major cities of
India.
Accounts such as NRO, NRE & FCNR must be closed but
returning NRI can continue to keep foreign currency in other
bank accounts.
How do you get a driving license in India. Smart card
driving licenses are now being issued in major cities of
India.
Information and guide on who can take a car to India and
the procedure involved. Customs duty and depreciation
allowed on car taken to India.
In an effort to give a boost to Indian tourism and business
sectors, the Government of India has given notification of
new visa rules
The requirement to carry your old passport showing the
OCI ‘U’ visa has been discontinued by the govt of India.
As of January 29, 2015.
What exactly is a PIO card, Are you a PIO if you do not have a
PIO card. Who can apply and how to apply for a PIO card
Parents trying to select a school in India may have to
decide which school syllabus they want their child to
follow. Information on study courses.
Forgotten bank accounts hold thousands of crore rupees in
accounts designated as unclaimed. How to check
unclaimed account lists of banks.
Why is Self-Certification of NRI bank accounts required?
How NRIs abroad can complete self-certification if they
have not done so to avoid their accounts being blocked.
How to acquire Indian citizenship, Information on the various
modes by which Indian citizenship can be acquired.
Every thing you should know about NRI Bank Accounts in
India and on return to India.
Disclaimer: Information provided is for general knowledge only and should not be deemed to
be professional advice. For professional advice kindly consult a professional accountant,
immigration advisor or the Indian consulate. Rules and regulations do change from time to
time. Please note that in case of any variation between what has been stated on this website
and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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