remittances Archives | Pravasi Samwad

UAE-based NRIs Hope for Indian Tax Relief as Government Opens Door to Review

A possible rethink of securities transaction tax and capital gains tax could improve returns for overseas Indians investing in Indian

A surge in foreign currency deposits has narrowed the gap between bank lending and deposits, but high funding costs and

Indians living abroad must track their stay in India, domestic income and overseas tax status to determine residency and income-tax

US, UAE and Canada host the largest overseas Indian communities, while the share of NRIs has risen steadily in recent

Higher returns on foreign-currency deposits are drawing overseas Indians, as the central bank seeks to strengthen forex reserves and support

The Ahmedabad Income Tax Appellate Tribunal has removed a ₹5.52 lakh addition and ordered a fresh review of nearly ₹2.50

India’s latest foreign-currency deposit drive has raised $127.2 billion, more than twice the scale of the 2013 programme relative to

Fresh NRI deposits fell to $2.78 billion in the first quarter of FY27, while foreign-currency deposits more than doubled

Ahmedabad accounts for more than a fifth of the state’s NRI deposit base, with Vadodara and Kutch also recording strong

Strong demand from UAE-based Indians drives foreign-currency deposits through GIFT City, while inflows from the US and UK remain subdued