NRI property sale TDS rules differ from resident sellers
Buyers in India deduct TDS at different rates depending on whether the seller is a resident or a non-resident Indian (NRI). Livemint reports that under the Income Tax Act, 2025, a buyer…
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NRI deposits fall 23% YoY but FCNR inflows double in Q1
Deposits by non-resident Indians (NRIs) fell 23 per cent year-on-year to $2.775 billion in the April-June 2026 quarter, RBI data shows. Inflows had touched $3.614 billion in the same period of 2025-26.…
NRIs face higher TDS, mandatory TAN for property sales until Oct 2026
NRIs selling property in India face higher Tax Deducted at Source (TDS) than resident sellers. Long-term capital gains attract TDS at 12.5% plus surcharge and cess, while short-term gains are taxed at…
SEBI proposes digital KYC for NRIs, removes physical presence need
The Securities and Exchange Board of India (SEBI) has proposed a fully digital KYC and onboarding process for retail NRI investors, removing the requirement for physical presence in India. Livemint.com reports the…
Former NRIs return to India, cite immigration stress and cultural disconnect
Pankhuri, a former NRI, told Livemint that she and her husband returned to Indore after 13 years in the United States. She cited five reasons: a lack of a true sense of…
Budget 120-day rule won’t hit salaried NRIs: tax expert
Salaried non-resident Indians working in countries like the UAE will not be affected by the budget proposal to treat those staying in India for over 120 days as residents, a tax expert…
GIFT City insurance offers NRIs dollar option but higher cost
Only 8 of India's 26 life insurers have branches in GIFT City, with most products focused on unit-linked insurance plans rather than term insurance. NRIs and foreign nationals can buy dollar-denominated policies…
Indian PPF accounts deemed closed after foreign citizenship
Businesstoday.in reports that an NRI who retains Indian citizenship can keep a Public Provident Fund account until maturity, earning the prevailing interest but without repatriation rights. However, the moment a person acquires…
SEBI lets FPIs use digital signatures for Power of Attorney
The Securities and Exchange Board of India (SEBI) has allowed foreign portfolio investors (FPIs) to submit a digitally signed Power of Attorney (PoA) to their custodians, eliminating the need for notarisation, apostillisation…
RBI cuts FCNR(B) swap deadline to August 31, banks scramble
The Reserve Bank of India has shortened the deadline for its special FCNR(B) deposit swap facility to August 31 from September 30, citing an encouraging response that saw forex inflows of $52.3…
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