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Finance
NRI Homebuyers to get Tax Cut in Maharashtra
MahaRERA instructs L&T to refund most of an NRI's payment, limiting deductions to 2% in a terminated booking dispute.
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NRIs Concerned Over Tax Charges
NRIs Concerned: Proposed UK tax changes worry NRIs, migrants. Experts strategize in London. Debate over impact on UK's attractiveness. Financial planning crucial.
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RBI’s New Scheme for NRIs
RBI: RBI introduces scheme for non-residents to invest in Sovereign Green Bonds in IFSC, empowers Small Finance Banks with derivatives.
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Digital US Dollar FDs for NRIs by Axis Bank
Axis Bank introduces Digital US Dollar FDs for NRIs at GIFT City, streamlining processes, offering competitive rates, and emphasizing digital convenience.
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NRI Deposits Surge in India
RBI data: NRI deposits surge by 70.35%, reaching $10.1B. FCNR accounts also rise. Overall positive trend in NRI deposits observed.
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Abu Dhabi Offers Incentives for Traders
Abu Dhabi enhances incentives to attract global financiers, aiming to rival top financial centres while offering lifestyle perks.
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Handful Districts in Gujarat Dominate NRI Deposits
Handful Districts: Five Gujarat districts, including Ahmedabad and Vadodara, hold 70% of NRI deposits; slight dip in December 2023 attributed to routine transactions.
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Non-Resident Overseas Salary Tax Exemption in India
Non-Resident Overseas: ITAT ruled non-residents' overseas earnings aren't taxable in India, emphasizing residency status and jurisdictional understanding for individuals working…
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New Budget Likely to Halt India’s Tax Hike
New Budget: Interim Budget 2024 solidifies increased TCS rates on foreign remittances, awaiting parliamentary approval. Shift from 5% to 20% for Rs 7 lakh+ expenditures.
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Indian Visitors Can Pay Eiffel Tower Fees with UPI
Indian Visitors: Eiffel Tower adopts UPI for Indian tourists, pioneering seamless payments. NPCI collaboration extends plans for UPI usage across France and Europe.
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