Mezishura To get the free app, enter mobile phone number. Page 1 of 1 Start over Page 1 of 1. Add both to Cart. He writes regular columns on investment and tax planning for financial websites such as moneycontrol. Not Permanently Resident in India.
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An NRI can transact through a stock broker only. A trading account — with a SEBI authrorised broker. A Demat account — To hold shares. An approval under the PIS is required for trading in the stock market. Only one PIS Account per individual is allowed. Also, NRIs cannot trade in all the Indian stocks. Hence, NRIs can only trade on delivery basis.
NRIs need to own the stocks before they want to sell it. Real estate sector: Investing in the real estate sector is a traditional and an all time favourite investment method for most of the NRIs. Indians leave their country and become NRIs. But, having a home or property back in your own country is considered as a valuable possession.
In addition to financial appreciation, it gives you a sense of emotional security as well. Real estate sector is considered as a lucrative investment option for NRIs. As an NRI, you can purchase both residential and commercial properties. There is no restriction on the no. But, you cannot buy agricultural lands, farm house or plantations. Although, you can have ownership of agricultural land through inheritance or gift.
Hence, bonds are issued for borrowing money. If you invest in bonds, you will be considered as a lender unlike equity where you have an equity stake in the company. Being an NRI, you have the freedom to invest in bonds and government securities. Investors get fixed returns on such bonds issued by companies or government institutions.
Certificate of Deposits: NRIs also have the option to subscribe to Certificate of Deposits but on a repatriable basis. Certificate of Deposits are non negotiable money market instruments issued in demat form or in the form of promissory notes. CDs yield higher rate of interest as compared to bank deposits. There maturity period ranges from 7 days to 1 year and are best suited for people having short term financial goals. Once you give up your Indian citizenship, the account is closed.
So, this is basically a non-withdrawable account till retirement. Deposit in NPS yields fair amount of returns and enables you to build a good post retirement corpus.
Also, an additional deduction of Rs. Taxable income can be in the form of salary earned in India, capital gain on sale of investments like property, shares, securities etc. If NRI sells property in India, the buyer shall deduct tax at source while making payment. NRIs can avoid double taxation i. Go ahead and evaluate the various Investment opportunities available and select the one that best suits you. Before investing, do check the Investment rules and tax regulations of the country where you live.
Feel free to leave your valuable comments and any other suggestions that might be helpful to someone. Happy Investing!
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