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NON RESIDENT INDIAN (NRI) …. Let’s talk about you and India. Are you an NRI? The answer is YES, if you are an Indian citizen having an Indian passport and is staying out of India. Whatever reasons being it a job or business or education or even for any other reason you have to stay out of India for more than 6 months, then according to definition of NRI you can be categorized as a Non Resident Indian or an NRI. Ok that’s great, but what if I am not holding an Indian passport, but my father or mother is? No worries, then you become a Person of Indian Origin (PIO). If any of your ancestor was an Indian citizen by virtue of the Citizenship Act of 1955, and you have the document to prove it then you can be issued a PIO card. Your grandfather or great grandfather (not being a citizen of Pakistan/ Bangladesh / Sri Lanka / Afghanistan/ China / Iran / Nepal or Bhutan) but has Indian origins then you are entitled to a PIO card. A PIO card holder does not need to have a visa to enter

Thinking about making funds for future expenditures? Searching for a plan which will give you benefiting return? Let me tell you one of the popular plans in recent market. Systematic Investment Plan (SIP)  has gathered a lot of attraction and there are some justified reasons behind it. It is a financial plan that helps you to create wealth, by investing small amounts of money every month, over a period of time. A Systematic Investment Plan (SIP) is a vehicle offered by  mutual funds   to help investors invest regularly in a disciplined manner, through small and periodic installments. These two are simple Mantras for SIP  – Early start  : The earlier you start investing in SIP, the more you will get at the end of your plan! Regular Investments  :  Invest regularly in order to reap the benefits of SIP!! You can know more about SIP in  here . So now the question arrives, Read More :  How to successfully plan your retirement What are the advantages of the SIP? S

If you are an NRI, your   taxability  depends on NRI status for a particular year. Checkout the 5  income tax rules   that you must know: 1.  You must pay tax on  all incomes  that arise or accrues  within or is received in India.  Therefore, your Indian salary, interests earned from FD’s and savings accounts, rental earnings, capital gains on all assets sold within India, are taxable income. If your earnings are more than the basic exemption limit for the particular year, you must file a return in India. Again, if you intend to claim a tax refund, or carry forward your losses to future years, you must file a return. 2.  If you return permanently to your country after being abroad for few years, your earnings overseas do not become taxable immediately. If you have lived out of the country for nine years or more, you remain an  RNOR (Resident but Not Ordinarily Resident)  for the next two years. It is the transitional status between being an   NRI   and turning into a pe

Having your roots firmly anchored back home offers you peace of mind and a sense of affinity. The Indian property market is alluring for those who intend to have their roots in the country. Let us gauge few reasons, you want to  invest in properties in India : You want to upgrade your home in India? You want to possess a  signature property in the country ? You want to offer a better life to your parents? Your reasons could be more, but your apprehensions before investing would be no less. Some of the common concerns that you may have are : Lack of information  about the seller and the current market The  opaque nature  of the business dealings The absence of the concept of  due diligence No legal recourse  and  ill-timed completion and delivery  of projects Extremely  cumbersome follow-up procedure  with the developers in case of an unfinished project These concerns turn out to be the most demotivating factors holding you back from investing in this country. Yo

How many years left before your retirement?? If you have more than 30 years, start saving now!! If you have less than 30 years, start saving even more!! Retirement planning  is important for everyone’s life as all of us won’t get pension.  After so long period of service, retirement gives you enough time to rejoice your life. So don’t let money become a barrier between you and your fun plans after retirement. There are mainly two kinds of planning we all do for retirement. These two are – 1. Personal planning :   Sometimes we are forced by our circumstances and helplessly change our mind from what we want to do and start doing what is needed and demanded by situations. In cases like those we only can follow our true passion after retirement. Some people want to start their own business, some people want to join some volunteer role in different kind of schools or NGO, want to learn some different language or travelling around the world. Saving up for retirement could