NRI /Foreign Citizen
Once you have made the decision to Invest in India, we will be your one-stop solution for the same. There are a variety of decisions you need to take into account before investing in India, we will provide you with the required assistance for the same.
Decisions to be Made about
1. OPENING A BANK ACCOUNT
There are variety of options available to you –-Non- Resident Ordinary (NRO) Account-Non- Resident External (NRE) Account-Foreign Currency Non-Resident (FCNR) Account
2. NEXT YOU NEED TO DECIDE ON INVESTMENT CHARACTERISTIC
Investment to be kept on Repatriable BasisInvestment to be kept on Non- Repatriable basis
THERE IS ALSO SPECIFIC LIMIT ON THE INVESTMENT AMOUNT WHICH CAN BE REPATRIABLE TO THE HOME COUNTRY ON A YEARLY BASIS DEPENDING UPON TYPE OF ACCOUNT
4. NEXT STEP TO OPEN A DEMAT ACCOUNT. IT INCLUDES MEETING KYC NORMS & OTHER REGULATIONS TO FULFILL THE REQUIREMENTS OF THE AUTHORITIES
5. BENEFIT OF TAX TREATMENT ON INVESTMENT IN INDIA
Long term gains (Gains on Investment held for more than 1 year)arising on sale of shares are exempt from tax in India due to STT paid on the same. Short term gains (Gains on Investment held for less than 1 year) arising on sale of shares are taxable at the rate of 15%
6. HOW TO AVOID DOUBLE TAXATION FROM INDIA AND HOME COUNTRY
As there exist a double tax avoidance agreement between countries. If the NRI has paid tax on Income earned in India, he will be getting deduction of the amount of tax already paid in India from the taxable payable in home country with the help of Double Tax Avoidance agreement between India & your home country.