5 Tax Free NRI Incomes In India

#nri #nriinvestments #budget2024 #aktassociates

Hi, Don't miss this if you are an NRI and planning to sell property in India

This Channel is dedicated to NRI Friends and planned to help them in, four areas
1) NRI Taxation, DTAA, and FEMA Compliance
2) NRI Property matters
3) NRI Legal matters, such as Will, Inheritance, Family Settlement, etc
4) NRI Investment matters in India

Pls feel free to ask your queries and I will surely study, Consult, and make a Video on that or at least answer in the comment section. Kindly note please Don't leave personal information in the comment section and send such queries to
Client support Team on WhatsApp @ 8080088288 or
Pls, note there will be a nominal consulting fee for such an appointment which will be reduced from final fees if any work or assignment is provided to us. making consulting Free on the net.
I strongly recommend going through the channel first as most of the queries I have already answered before paying for consulting.

Some Popular topics and related videos are listed herewith
1) Complete Stepwise Property sell Procedure for NRIs in 2023
2) Tax for Seafarer
3) NRI Property Sell Playlist
4) NRI QNA

Chapters
00:00 Introduction
00:30 NRE Fixed Deposits
01:44 Residential Property: By keeping it invested and appreciating in value
03:28 Interest on FCNR
04:47 Investing in Foreign Mutual Fund and FII
06:46 LTCG capital gain up to ₹1.25 lakh by investing in a residential house
07:41 Conclusion

#nri ,#aktassociates ,#nripropertyselling, #nri,#NRIRealEstate,#NRICommunity

[KylianJace]

Big ups to everyone working effortlessly trying to make a living while building wealth. I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this, .

[JoeC]

NRE account interest more than $10 (Rs ~850 now) is taxable in USA too. (ofcourse not taxable in INDIA).

You are not aware?

[maheshk]

But all these savings from India are again taxed in foreign country right .

[girijeshmehta]

Sir sending money to India cost through bank both the banks sending and receiving bank in India take their margin as a handling charges and it becomes expensive for normal people in sending money in foreign currency

[mannysubramanian]

As soon as a returning NRI spends 182 days in India, he becomes a resident and has to pay taxes for US income in India. Lets say an NRI returns in August. If he has worked in USA until August, he is liable to pay taxes for the income earned from April to August in India for Indian FY (Apr-Mar). But some sources says no tax on foreign income in India for 3 years of returning to India, as he becomes RNOR upon return. Any comments on this ? thanks

[halarizalawadi]

what is your thought about double tax treaty? any profit ( income ) in global stage are taxable in foreign country where NRI is tax residence

[Nag]

This rule that Buyer should deduct 20% TDS if they are buying from NRI/OCI. How do we inform IT that I am reinvesting bonds or another property and avoid TDS?

[ash]

Thank you for the very useful information; we appreciate your effort in putting it together. What are some example platforms for FII mutual funds you mentioned in the video?

[franc]

Buying & Selling residential property will be taxed under new LTCG tax regime.? That's what I understood from last budget.

[antonymurickal]

Only the Long Term Capital Gain on sale of a property (land) to be invested in a Residential Property to save the tax and not the whole proceeds. Am I right?

[HereToEducateYt]

As an nri how do u unvest in mutual funds from fulf country. An how will i be taxed

[amitpradhan]

Nri s to benefit from 1.25 L exemption, do they need to file ITR ? Bcz already TDS would have been deducted during redemption.

[cyrildsouza]

You are confused between FCNR account and RFC account which is opened in foreign currency after you return to India.

[sandipmehta]

GM, Question on FD, please help to understand. If at the time of FD, person is NRI and at the time of maturity of the same FD, his status is residential. What will happen with Interest earned in in the tenure? Example FD date 7th Aug-2024 in NRE account. Maturing date is 8th Aug-2025. And on 1st April 2025 person came back India for permeant. What will happen on interest earned?

[iqhirani]

‘TO KEEP THE PROPERTY FOR CERTAIN AMOUNT’…. IS THIS PERIOD OF MINIMUM OF 2+ YEARS? (To sell & buy new property & again to rollover every 2 years?).
‘YES, WE CAN GET THE FOREGN CURRENCY HERE -USA- AT 2-3- OR EVEN AT 0% ON OUR CREDIT CARDS’ however, transferring a huge amount & IF THE GOVERNMENT OF INDIA REPORTS IT TO OUR IRS; JUST IMAGINE THE TAXES WE HAVE TO PAY IN OUR FOREIGN COUNTRY; as the annual income increased ?
ITNIS ALSO LITTLE RISKY TO LEAVE THE PROPERTY UNATTENDED UNTIL ITS BEEN SOLD!
Your guidelines were informative but also makes a little nervous at the same time…. It’s even hard to get a tenants in this economy; how to deal with (guaranteed) sells? … many questions & veer blurry answers.

[shadabhussain]

1.25 Lacs is applicable to NRI also.
Also if I book 2.00 Lacs then 1.25 Is deductible

[pad]

If we want to take back our invested money in India to our PR foreign country than what?

[nilotpalray]

This video is a bit misleading, even if your interest in NRE account is non-taxable in India. It is taxable in your residential country where you are a tax resident. For example in UK or Sweden or any countries also 1.25, lakh capital gain, which is accepted in India is taxable at your tax resident country, so this video does not provide a true picture

[IzaanRM]

Uae loan 4.l to 5.6 intrst depends on slary...but keeping FD after paying tax..ruppee depreciation it wil be loss for long term 😂😂...

[deepikajain]

Sir if r working on 1 year contratual job in Dubai, & plan to a demat ac in india, then is it essential that it should b a non pis ac because after 1 yr there is no job confirmity. Pls advice