The FinTech Hub
Source: Live Mint I am an Indian citizen living in Dubai and own an immovable property in the US. Since the property is in the US, I want to set up a US trust for the benefit of my two sons. One son holds a green card and stays in the US, the other is…
Source: Live Mint Q. I have been an NRI for the past 24 years. I have some NRE and FCNR deposits which will mature after 1-April-2026. If I come back to India in July 2025 for good, my residential status for AY-2026-2027 will be Resident but Not Ordinary Resident (RNOR). Do I have to liquidate…
Source: Live Mint Mint explains who can claim these benefits on which assets and when. The types of income that qualify for concessions The concessions apply to two specific types of income. “The special tax provisions apply to income from foreign exchange assets such as interest, dividends, etc., or anything derived from specified foreign exchange…
Source: Live Mint I am a non-resident Indian (NRI) and hold shares in a US-based company whose parent is in India. I’ve been informed that, as part of a restructuring, the Indian parent is offering existing shareholders of its US subsidiary the option to either exit or exchange their US shares for shares in the…
Source: Live Mint If you reside in India for work for more than 182 days in a fiscal year, you become a resident. But if you have been a non-resident in India in nine out of the 10 preceding fiscal years or have been in India for 729 days or less during seven preceding fiscal…
Source: Live Mint I was born and raised in Dubai and currently reside in the UAE, where I run my own business. I still hold an Indian passport. I want to donate to an NGO in India, in which one of my relatives is a trustee. Do I have any tax or other reporting obligations…
Source: Live Mint My relative has gifted me some amount in my NRO (non-resident ordinary) account from her NRO account. I want to transfer this amount to my foreign bank account. Do I have to obtain CA certificate for this transfer too? -Name withheld on request. Form 15CB is required to remit funds from an…
Source: Live Mint I have incorporated an IT company abroad. I want to transfer money to my own account abroad and give a loan to my company outside India. Can I avoid TCS by doing this? -Name withheld on request. Tax collected at source (TCS) is applicable on all remittances made under the Liberalised Remittance…
Source: Live Mint I live and work in Dubai for a startup whose parent entity is in India. As part of my remuneration package, I had received employee stock options (ESOPs), which I exercised last month after a two-year vesting period. Will I be taxed for this in India since they are Indian company shares?…
Source: Live Mint Non-resident Indians play a vital role in India’s economic and social progress, significantly contributing to the country’s growth through remittances, investments, entrepreneurship, and international trade. As the Union Budget for 2025-26 approaches, NRIs will be looking for clarity on certain rules as well as incentives and reforms that could strengthen their contribution…
