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Many multinational employees are stuck in India as several countries are not allowing Indians to fly back. In other cases, some NRIs want to stay with their families in India at a time when the Covid situation is getting worse. ....
Synopsis Unlike the first wave of COVID pandemic, this time both urban as well as rural areas have been severely affected. With a low vaccination rate and mass scale COVID positivity, India is fighting a colossal health & financial emergency with a creaking medical infrastructure & insufficient equipment. Whether you have elderly parents or a family of dependents in India, as an NRI you want to ensure timely medical support & care in case of COVID affliction. Managing Director, MyMoneyMantra.com, Contributor Content A Chartered Accountant qualified in 1979, Khosla worked overseas with KPMG for 2 years and practiced professionally for a decade before founding MyMoneyMantra 1989. He is a highly regarded figure in the financial products distribution arena and advises several banks on their distribution strategy. ....
Synopsis A bench of Chief Justice D N Patel and Justice Jasmeet Singh asked the central government to decide the representation sent on December 8, 2020 by the petitioner - an NRI - in accordance with law, rules, regulations and policy applicable to the facts of the case, as expeditiously as possible and practicable . The Delhi High Court Thursday asked the Centre to decide a representation sent to it in December for setting up a commission for the welfare of NRIs as expeditiously as possible and practicable . A bench of Chief Justice D N Patel and Justice Jasmeet Singh asked the central government to decide the representation sent on December 8, 2020 by the petitioner - an NRI - in accordance with law, rules, regulations and policy applicable to the facts of the case, as expeditiously as possible and practicable . ....
A March 2021 notification by the MHA brings in a number of restrictions against Overseas Citizens of India cardholders, even allowing the government to cancel an OCI card without any scope for remedy. ....
NRIs try to sidestep deemed residency tax SECTIONS Share Synopsis These individuals are booking a slice of their income in jurisdictions like Singapore and Hong Kong to pay a small tax there in the hope that they would escape the glare of the Income Tax (I-T) department in India. Whether their aggressive strategy pays off would depend on how sternly tax officials interpret the law. Getty Images Many wealthy Indians with businesses and jobs abroad are trying to get around the country’s new tax rule that targets the global income of its citizens. These individuals are booking a slice of their income in jurisdictions like Singapore and Hong Kong to pay a small tax there in the hope that they would escape the glare of the Income Tax (I-T) department in India. Whether their aggressive strategy pays off would depend on how sternly tax officials interpret the law. ....