Practical perspectives on financial planning, investments, tax, estate planning, and more — written for the discerning investor.
Returning to India after spending years abroad can involve several financial decisions. One of the most important is what to do with the foreign-currency savings accumulated while living overseas. A…
Non-Resident Indians (NRIs) and other persons residing outside India may continue to have financial interests and income in India while earning and holding funds overseas. They therefore need appropriate banking arrangements to manage overseas earnings, Indian-source income, investments and expenses in India. Two of the most commonly used accounts are Non-Resident External (NRE) and Non-Resident […]
The determination of an individual’s residential status is a foundational step in computing income tax liability in India. The Income-tax Act, 2025, lays out specific rules that categorize individuals as either Resident and Ordinarily Resident (ROR), Resident but Not Ordinarily Resident (RNOR), or Non-Resident (NR). This classification decides the scope of total income that becomes taxable in India – whether […]
A Foreign Currency Non-Resident (FCNR) Deposit is a fixed deposit account offered by Indian banks exclusively to Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). Unlike regular fixed deposits, FCNR deposits are maintained in designated foreign currencies such as the US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Canadian Dollar (CAD), […]
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