Can A Non Resident Indian Open Normal Bank Account or FDs in India?

I just saw question on FD by NRI in nationalized banks. I have further question- as an NRI can I make investment in FD with indian banks like SBI, ICICIBank through normal banking account or do I have to make FD only through some NRI account only? I guess that by convering my account into

Is Non Resident Eligible For Exemption u/s 54F or 54EC?

Capital gains exemption u/s 54F or 54EC for non resident Indian

Wealth Tax Exemption to Non Residents or PIO!

I will return to India for permanent settlement in June 2007.Am I exempted from wealth tax for the next seven years?Please explain the existing wealth tax rule for bank deposits. purackal@hotmail.comSection 5 of the Wealth Tax Act is regarding the exemption granted to certain types of case. Sub-section (v) of section 5 deals with the

Can You Prevent TDS on Payments To Non Resident?

Yes, there is a  way to prevent TDS on the payment to Non Resident. It may be partial or full . The provision regarding...

Is there a Way To Prevent TDS on Payment to Non Resident ?

Yes, but this facility is restricted to Non Resident persons involved in business or profession in India through a branch . As per section...

Where Should The Return Of Non Resident Be Filed?

I had a peculiar situation last year when it was my first time filing returns as an NRI. I e-filed the returns on the...

A Dilemma About Deduction By Would Be Non Resident Indian?

I am planning to take a Rs 20 L loan to fund my MBA in Canada and I understand that the Indian laws allow...

What Every Non Resident Indian Must Know About Bank Accounts He/She Is Allowed to...

Almost every Non Resident Indian requires an Indian bank account so that he can transact in India for various personal purpose – be that...

Should Payments To Non Resident Consultant Be Subject to TDS ?

We have technical consultant in UK. We ask him our queries over email and he replies to our queries on email. He charges on...

CBDT Notifies Enhanced Depreciation and Changes Due Date For Filing Quarterly Statements of TDS...

Two News you can use1. Enhanced Depreciation on Commercial VehicleEnhanced depreciation @ 50% on new commercial commercials purchased and put to use on or...
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