WHEN SHOULD NRI'S CLOSE NRE-NRO-FCNR ACCOUNTS- By CA Sriram Rao

#nri #nrimoneyclinic #financialplanning

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[rajapamarthi]

Love this channel for its simplicity and being straight to the point. As the tagline ways "No hype. Just the right advise". Bhat sir asks the right questions too. Thanks to CA Sriram. 👍🏼

[bhupendrasheth]

You are doing great service to NRI community
I am CA but not having clear information.

[chandan]

Thanks for this wonderful video.
I see unfair ruling by RBI and here is why I feel so.
Before I became an NRI, I opened fixed deposit accounts, interest were taxed. Over a period of time (many years) the FD has renewed few times and during these many years my residential status has changed to NRI. Now these FDs should be considered NRE and hence should be exempted from the income tax. My request is based on the same logic(RBI) where NRE FDs are getting taxed upon we returning back to India and loosing NRE status.
Nutshell- IF loosing NRE status allows indian gov to tax NRE FDs THEN gaining NRE status should exempt previously opened FDs from the income tax.

[ricky]

Uncle- You are the best source of knowledge in this field! Please talk about PIS & Non PIS account too for NRI's

[Live-freedom]

It's crystal clear information 👌thanks team you made such a WONDERFUL information for those who NRE AND NRO...categories

[kkraju]

Deeply appreciate this wonderful and informative content. The FY 2020 21, I am sure, Govt will be will be considerate to the NRIs who returned for short duration but couldn't perform their journey back due to Covid restrictions on international flights / Expiration of Visa during the intervening time / Temporary Suspension of visa by the host country etc. Clearly the intent is to get back to the host country. Such NRIs probably will be able to go back in next couple of months. I want to believe Govt will not enforce FEMA act on these individuals as this is an unprecedented force majeure ( act of God ) situation . However It is important FEMA consequences are clarified as was promised by the host of this video channel. This is such a grey subject that even qualified CAs have to do some research before commenting on the subject. Once again thank your for this enormous effort and would look forward for your next video on the Consequences part of FEMA.

[dayaljoshi]

I am keen to watch all your queries / program. I also take the liberty to circulate this to all my friends.
Many many thanks for such a informative program

[MarioBritto]

Thank you Sir so nice to see an info-channel of this kind with very relevant concerns/questions being answered. I just happened to stumble upon on this site and so glad i found the information sought here.

[venumohan]

Excellent Information given Sir
Thank You both of You🙏🏻

[balakrishnannambiar]

Points explained very simple language. Very helpful.

[sanjeevsarnaik]

Very nice knowledgeable discussion and also easy to understand as well.

[goodman]

Dear Sriram, I am happy that I already got the relevant answers for the questions I posted a while ago, by strolling thru the several trailing comments below by various individuals along with your respective comments on RNOR. Anyways, I am going to leave my earlier comments "as is" so that any new watchers (like me) can benefit from these comments...

[prasadnaiquesai]

Thank you NRI Money Clinic for inside view .Om Sai Ram.

[alageshan]

Very informative I have to follow up on this.

[ananthakrishnabt]

Thank you Bhat and Shriram Sir for providing valuable information. You both are doing great service. 🙏

[debasisghosh]

Thanks a lot for the information. Can we ge the same type of information regarding Demat accounts pertaining to a NRI who is coming back to India permanently.?

[jigarshukla]

Very informative. Can you please make a video on how an NRI can submit Tax return online?

[vishwascamp]

CA Sriram is a brilliant young CA. Thanks for the inputs provided.

[rajkumarshroff]

Vow such a great informative video thanks both of you gentlemen 🚹 👏

[sreenivasansetu]

Very informative video! I would love to know the consequences when the NRI has acquired a foreign citizenship and holds the OCI as well.