wiseNRI.com
@wiseNRI
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#wiseNRI is a platform for NRIs who would like to Retire in India & Achieve Financial Freedom. Run by Hemant a Certified Financial Planner - 15 yrs experience.
India
Joined November 2017
Many NRIs wonder if they can enjoy tax-free income in India — the answer depends on the type of income, source, and applicable exemptions. Read more 👉 #NrisStayConnected #LivingAbroad #EasyTips
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You can decide your investment options – aggressive or conservative. Here also, contributions are made from pre-tax income, and the tax is deferred until withdrawals.Read more - #RetirementPlansCommonly #401KPlans #TaxLaws
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NRI or OCI cannot gift such property to another NRI. An NRI has to gift it to a resident citizen of India.Read more - #InheritanceLaws #SaleRestrictions #NRI
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If we break NRE Fixed deposit before maturity then interest is calculated only for the duration deposit remained with the bank. Read More - #TaxBenefits #RnorStatus #NREFDAfterReturnToIndia
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As we have repeated many times over, if you are not into finance, do not play with your capital. It is always beneficial to give the charge of managing your funds to professionals with a solid track record. Read More- #NrisInvesting #MutualFunds #NRI
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If your employer offers the defined contribution 401(k) plan, then they are matching your contributions to your corpus. Contributions are made before taxes and therefore the entire sum is taxable at withdrawal at prevailing rates. Read more 👉
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Under the Foreign Exchange Management Act and the Foreign Exchange Management Regulations, 2018, NRIs and OCIs are not allowed by law to purchase lands or plantation property, or farmhouses in India unless they acquire special permission from RBI.
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Your credit score plays a pivotal role in determining your creditworthiness and can impact your ability to secure loans, credit cards, and other financial products. Read more 👉 #NriCreditScores #CibilReportsImpact #FinancialAccess
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NRIs can invest in residential real estate and commercial real estate. They can avail of loans in India to buy property. NRIs are not allowed to invest in farms, agricultural land, and plantations. Read more #NRI #wiseNRI #InvestmentOptionsInIndia
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NRIs working in the USA participate in one of the retirement plans commonly known as 401k plans. The 401(k) is a qualified retirement plan with deferred tax benefits under US tax laws. Read more ▸ #RetirementPlansCommonly #401KPlans #TaxLaws.
wisenri.com
Learn how 401(k) retirement plans work, including employee and employer contributions, and what NRIs or returning Indians should know about managing their 401(k) after moving back to India.
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Can NRIs buy agricultural land in India? Understand the legal rules, inheritance laws, taxation, and sale restrictions for NRIs and OCIs investing in farmland. Read More▸ #InheritanceLaws #SaleRestrictions #NRI.
wisenri.com
Can NRIs buy agricultural land in India? Understand the legal rules, inheritance laws, taxation, and sale restrictions for NRIs and OCIs investing in farmland.
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NRI Mutual fund KYC is a simple process of validating and verifying the details submitted by you in your investment application – online or offline .Read More - #NrisInvesting #MutualFunds #NRI
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Funds that have been originated in India or funds from an NRE account can only be used to open an NRO FD. NRE FD and FCNR FDs can be opened with funds received abroad as well. Read more 👉 #TaxBenefits #RnorStatus #NREFDAfterReturnToIndia
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Interest earned on NRE FD tax-free in India. (can be taxed in the country of residency).Read More - #TaxBenefits #RnorStatus #NREFDAfterReturnToIndia
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Use video calls, messaging apps, and social media to stay in touch with family members and friends back home. Read more 👉 #NrisStayConnected #LivingAbroad #EasyTips
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Taxation of Mutual Fund for NRIs is more or less the same as Resident Indian but for NRIs Tax is Deducted at source (TDS) by Mutual Fund Companies. Read more 👉 #NRI #wiseNRI #InvestmentOptionsInIndia
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