For many NRIs, saving in India is less about seeking higher returns and more about building a safety net back home. Salary may come in dollars, pounds, dirhams, or euros, but future plans often remain ...

AI Quick Read The Indian rupee generally depreciates against the US dollar in the long run due to inflation differentials, among other factors. This persistent depreciation means that foreign currency ...

It appears that the assessing officer (AO) has passed a best judgment assessment under Section 144 of the Income-tax Act, 1961 (ITA) on an ex parte basis, meaning the order was passed without your ...

As per RBI and FEMA guidelines, non-resident Indians are required to use Non-Resident Savings accounts in India. Unlike resident Indian bank accounts, NRI savings accounts have designated account ...

An NRE savings account is a way for an NRI to bring money they earned outside of India into the country. It keeps the money in rupees and the interest you earn is tax-free. You can also take all your ...

MUMBAI -Days after the State Bank of India (SBI) declared Reliance Communications’ (RCom) accounts as ‘fraud’, the Bank of India has also classified the loan accounts of the company, its promoter Anil ...

As the Union Budget approaches, it is proposed that a rethink is needed on how interest income earned on Non-Resident External (NRE) and Foreign Currency Non-Resident (FCNR) deposits should be taxed.