RT @ankurc07: The Rupee has slipped again. That “high interest” NRE deposit? It might actually be losing you money. Here’s why 👇 🧵 1/6….

RT @ankurc07: There’s growing speculation, backed by market trends that the Fed could cut rates twice this year. And while that sounds lik….

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Myth: Form 26AS is still the main guide when filing ITR. Reality: It’s now replaced by the Annual Information Statement (AIS). Think of AIS as your tax report card. It tracks:. - TDS already deducted on your income.- Big transactions (property, stocks, bank deposits).-.

Paying rent to an NRI landlord? You can’t just transfer the full amount. - You (the tenant) must first deduct tax at source (usually ~31.2%). - Deposit that tax with the government. - Only then pay the balance to the landlord. If you skip this step, you (the tenant) are on the.

RT @ankurc07: Money moves like water. It finds the smoothest path. And in GIFT City, the flow is starting to gather momentum. Here’s are….

Many NRIs think filing a tax return in India means disclosing all their global assets. That’s not true. - As an NRI, you do not need to report overseas income or assets in your Indian ITR. - You do need to disclose all Indian assets such as bank accounts (NRE, NRO, FCNR),.

That moment when NRIs find out NRE isn’t short for “new relationship energy.”.

The term “NRI” isn’t one-size-fits-all. FEMA decides your status for financial transactions. Income Tax Act decides your residential status for taxation. Citizenship law (Passport Act / OCI rules) decides it for immigration & travel. One person, three different rules. Always.

RT @SavitriBobde: Blinkit has offered customers a rare reprint of The Hindu’s iconic 15th August 1947 edition, complete with photographs, m….

RT @ankurc07: For the first time, an Indian company is set to launch an equity share IPO on GIFT City’s NSE IFSC and India INX. XED Executi….

RT @jashkriplani: Starting Now . Join : @ankurc07 @GetBelong .@amrendra_86.

RT @livemint: Learn all about NRI banking and new ways of saving and investing through GIFT City. Registration link: .

In short: the bill that’s just been tabled aims to make GIFT City a long-term, more flexible, and trustworthy destination for global finance. Lower taxes, more investment choices, easier compliance, and stronger investor protection. All on the table, right now. 7/7.

Most importantly, investor safety is being taken seriously: GIFT City fund managers must now actively monitor their investments, deal openly with conflicts, and report regularly on their decisions. For investors, this means more transparency and real accountability. 6/7.

Managing investments from GIFT City just became easier, too. Previously, investment funds operating in GIFT City had stricter caps on how much Indian residents could invest or participate, often limited to 5%. Under the revised Income Tax Bill and IFSCA regulations, these limits.

Full tax exemption now applies to more financial products, including profits from complex trades like OTC derivatives and the maturity value of life insurance policies issued from GIFT City. That means, for example, a large life insurance plan sold here won’t face tax on its.

It’s not just for big banks. For the first time, regular investment options like retail mutual funds and ETFs can relocate to GIFT City without having to pay extra taxes. So, if you run a Singapore-based ETF and move your operations to India, you keep your investors happy and.

Tax holidays in GIFT City aren’t ending soon after all. This bill extends the 10-year income tax holiday to 2030 instead of 2025. This means businesses like banks, insurers, leasing companies, and fund managers get longer tax relief on eligible profits, helping them grow with.

The Income Tax Bill 2025 has just been tabled in Parliament, and it packs big changes for GIFT City that make it more rewarding and safer for global investors. Lets unpack this 🧵 1/7.

RT @ankurc07: In just three years, GIFT-IFSC has attracted over $22 billion in commitments and seen a 40% jump over the last quarter. That….