NRI

23% of NRIs from the US, UK, Canada, Singapore prefer Mumbai as destination for business or investment: Survey

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23% of NRIs from the US, UK, Canada, Singapore prefer Mumbai as destination for business or investment: Survey

Witnessing India’s tremendous economic progress, the country has become the leading destination for NRIs, attracting a significant influx of NRI-led investments or businesses. Given the abundance of investment opportunities, from mutual funds, and bonds to real estate, the country has myriad options that are bound to tantalise every NRI’s financial palette. Apart from the lucrative … Read more

Disclosure norms: FPIs may get 3 months to cut exposure

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Disclosure norms: FPIs may get 3 months to cut exposure

Foreign portfolio investors (FPIs) looking to avoid making greater disclosures are likely to be given a shorter deadline to pare their investments than what was originally planned by the capital market regulator. The custodians of these foreign funds have told the Securities and Exchange Board of India (Sebi) that existing FPIs can cut their investments … Read more

Non-resident taxpayers without PAN can file Form 10F manually till September 30

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Non-resident taxpayers without PAN can file Form 10F manually till September 30

New Delhi: The non-resident taxpayers who do not have a permanent account number or are not required to have one are exempted from mandatory electronic filing of Form 10F till September 30, 2023. This will bring some relief to the difficulties faced by non-residents in claiming benefits of the tax treaty as well as to … Read more

Non-resident taxpayers without PAN can file Form 10F manually till September 30

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Non-resident taxpayers without PAN can file Form 10F manually till September 30

The non-resident taxpayers who do not have a permanent account number or are not required to have one are exempted from mandatory electronic filing of Form 10F till September 30, 2023. This will bring some relief to the difficulties faced by non-residents in claiming benefits of the tax treaty as well as to the resident … Read more

Not just stocks! NRI hedging portfolio with vintage wine, sneakers and Buffett-signed notes

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Not just stocks! NRI hedging portfolio with vintage wine, sneakers and Buffett-signed notes

How far can you go to hedge your portfolio from unseen risks? An NRI money manager, who runs a US-based hedge fund, has diversified even in paintings, vintage wine, sneakers and dollar bills signed by none other than Warren Buffett and Charlie Munger. “We want to offer a way for investors to invest in things … Read more

Double taxation sword hangs over NRIs’ heads, SC relief sought

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Double taxation sword hangs over NRIs’ heads, SC relief sought

Gaurav Baid, the 27-year old NRI chartered accountant, whose writ petition before the Supreme Court triggered a reaction from India’s direct tax authority, will once again knock at the court’s door. Baid, who works in Dubai, would either move a fresh petition or file an application challenging the recent communiqué from the Central Board of … Read more

Lakshmi Vilas Bank climbs 5% on fundraising plan, foreign shareholding limit

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Lakshmi Vilas Bank climbs 5% on fundraising plan, foreign shareholding limit

NEW DELHI: Shares of Lakshmi Vilas Bank (LVB) rose nearly 5 per cent in Monday’s trade after the bank said it would raise up to Rs 1,500 crore to fund business growth and increase foreign shareholding limit to up to 74 per cent. The bank said it would seek approval for the proposals from its … Read more