As per Zurich Life Insurance Survey done in UAE between 2016-2018, the lowest age of deceased for an NRI family claimed for life insurance was 27 Years! For the Critical Illness claim, the age was 28 Years! NRI Insurance is a must to cope up with Life Uncertainties. Being away from home, scattered life evenRead More
NRIs
Health Insurance for NRI – Complete Details
Health Insurance for NRI in India or Abroad is a crucial decision. Health Insurance is very vital as we have experienced the importance during COVID times. Here are the important considerations and factors to consider when an NRI invests in Health Insurance. The key questions are: Can NRI buy Health Insurance or Mediclaim policy inRead More
COVID 19 Impact on Finances of NRIs
There was news about a survey done by the Foundation for India and Indian Diaspora Studies (FIIDS) which says – “30% of the Indian-Americans have had a financial impact on their job and internship”. COVID 19 Impact on Finances of NRIs will change our relationship with money – The Investments & Expenses. Let’s see howRead More
Avoiding TDS on Dividends (Residents & NRIs)
As you may be aware & we also wrote in detail a few days ago, due to changes introduced by the Finance Act, 2020, w.e.f. April 1, 2020, the dividend is taxable in the hand of the investor. Hence companies would be required to deduct tax at source (TDS) at the prescribed rates from theRead More
7 Best Investment Options for NRIs in 2020
While there are many NRI Investment Options in India, one should check his requirement & risk appetite. Your home country may restrict, but in India barring few exceptions, NRIs are allowed to invest in many options. Here is the comprehensive List updated till April 2020. India has rapidly grown and provides the potential of sharingRead More
ITR Filing for NRI (When Mandatory When NOT)
Income Tax Returns for NRI is a confusing area of discussion. Here are the conditions when ITR Filing for NRI is mandatory & when not India. NRIs should note these and plan taxation accordingly. The deadline to file ITR for individuals (who are not liable to audit under Section 44AB of the Income-tax Act, 1961)Read More