FCNR Archives - GroYourWealth.com

Overseas Indians book return trips, send home record $29 billion in Q3

1 April 2024 by Admin

Mumbai: Overseas Indians sent home a record $29 billion by way of remittances in the December quarter as steadily climbing returns from FCNR (foreign currency – non resident) instruments have made such savings plans more lucrative than bank deposits in the West. To be sure, remittances are a source of permanent flows, unlike repatriable NRI … Read more

Income Tax Returns: What are the tax implications for NRIs in FY24? Check details here

9 January 2024 by Admin

Income Tax Returns FY24: The Income Tax department has asked non-resident Indians (NRIs) to give sworn statements on the exact number of days spent in India, a report said on Tuesday. This comes after the department recently sent numerous advisories to NRIs asking them to verify high-value transactions made in 2022-23 and to address any … Read more