The FinTech Hub
Source: Live Mint I am the promoter of a Belgian company, and I’ve been a Belgian citizen for many years now. I’m planning to retire in India next year. Before coming to India, the company’s operations will cease. I have been advised that for the first year, I will be treated as RNOR (resident but…
Source: Live Mint I filed my income tax return (ITR) as a non-resident Indian (NRI) and it has been processed. If I want to revise the ITR before 31 December do I need to file an updated ITR? I forgot to show some interest income that is taxable at 12.5% under a double taxation avoidance…
Source: Live Mint Without a valid Power of Attorney (PoA), parents risk severe financial penalties and legal trouble. A PoA can help them manage their child’s finances legally, offering protection and peace of mind while ensuring compliance with FEMA regulations. Avoid shortcuts, secure a PoA, and keep your family’s finances safe. Avoidable mistakes: Legal risks…
Source: Live Mint While the quality of life in Melbourne is superior, it comes at a heavy price — both literally and metaphorically. “We miss family and the general lack of community the most. Australia is a lonely country. That’s the primary reason we want to move back,” said Saurabh. “Also, the cost of living…
Source: Live Mint I live in a rented flat in Noida, U.P., paying a rent of less than two lakh per annum (INR). The flat owner is an NRI residing in Dubai, UAE. Please advise whether I, as a tenant, must deduct tax before paying rent every month to the NRI landlord. If yes, how…
Source: Live Mint But first, what’s a portfolio investment scheme? It’s an arrangement introduced by the Reserve Bank of India to enable NRIs to invest in the stocks of Indian companies, and allows for both repatriation and non-repatriation of profits. But there are differences in PIS and non-PIS accounts that you need to consider before…
