Blog
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What’s the difference between Immigrants and Expats
Immigrants and expats are two terms that are often used interchangeably, but they do not mean the same thing. An immigrant is a person who moves to a different country in order to live there permanently. This means that they intend to become a permanent resident and eventually a citizen of that country. An expat,…
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When does resident status change to NRI
Resident status is the legal classification of an individual under the Indian Tax System. It is used to determine the tax liability of the individual and is determined by the number of days of stay in India. An individual is classified as a Resident if he has stayed in India for more than 182 days…
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Which LIC policy is best for NRIs
NRIs (Non-Resident Indians) are Indian citizens who are living abroad. They are allowed to invest in India and enjoy certain tax benefits, but they must comply with the regulations set by the Reserve Bank of India (RBI). The RBI has specific regulations that govern the investments and financial activities of NRIs. One of the major…
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NRI Quota in Indian Colleges & IIT : Everything to Know
Indian universities are among some of the most prestigious institutions globally, with thousands of students vying for limited seats every year. For Non-Resident Indians (NRIs), however, there are unique opportunities under the NRI quota. What is the NRI Quota? [su_note note_color=”#fbef6a” radius=”4″]Definition: The NRI quota is a special provision that allows Non-Resident Indians to apply…
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Laid off on H1B Visa? What to do next?
As the world struggles to deal with economic issues, many people on H1B visas have been laid off in USA. Losing your job can be a traumatic experience and it can be especially hard if you are in a foreign country with limited support networks. But there is hope – there are still ways to…
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Can NRI apply for PAN card – Step by Step Guide
Yes, Non-Resident Indians (NRIs) can apply for a Permanent Account Number (PAN) card. NRIs are required to submit certain documents and information in order to complete the application process. The first step is to fill out an application form. This form can be downloaded from the website of the Income Tax Department. It is important…
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Can NRI invest in RBI bonds
NRIs may be interested in investing their money in RBI bonds, which are government bonds issued by the Reserve Bank of India (RBI). Fortunately, NRIs are allowed to invest in RBI bonds, subject to certain conditions. Here’s how to. In order to invest in RBI bonds, NRIs must first obtain a “PAN” number. This is…
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Can NRI sell an inherited property in India
In India, Non-Resident Indians (NRIs) are allowed to buy and sell property, including inherited property. However, there are certain legal requirements that must be met before the sale can be completed. The first step is to obtain a certificate of inheritance from the court. This is done by filing an application with the court in…
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Can NRI start a proprietorship firm in India
Yes, an NRI (Non-Resident Indian) is allowed to start a proprietorship firm in India. However, there are certain rules and regulations that need to be followed to set up such a business entity. The Reserve Bank of India (RBI) allows NRIs to open a proprietorship firm in India subject to certain conditions. An NRI will…
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Can an NRI get a credit card in India
Yes, Non-Resident Indians (NRIs) can get a credit card in India. Credit cards are an important financial tool for NRIs who have to manage their finances from abroad. They can use credit card to make purchases or withdraw cash while they are in India. Credit cards are issued by banks and other financial institutions in…