Great video. Thanks. How does it work when both the spouses live and are tax resident abroad and invest in India? If only one is earning, and transfers a significant portion of the income to their spouse (according to the tax law of that country, clubbing rules do not apply). Using the funds, if the non-earning spouse invests in India in FDs and MFs, will clubbing rules apply in India ? It will be nice if you could make a video on this scenario.
I am an NRE. I am current doing SIP's through my NRO account from groww app since 2021. Also i have invested in Shares through groww app. My category stating in groww is Resident indian. Is there any option to change to NRE category. Please let me know wheather i can continue with NRO account or else. Please advice.
Hi there! ... I am a Spanish national - no connection with India (never visited India). I now want to invest in Indian Stock market as I see India as a fast-growing economy. Can you please advise me on EVERY POINT below ---- 1). What is the type of account I need to have to invest in India Stock Market? 2). What are the documents I need to keep ready to open these accounts? 3). I do not want to open any account which will put me in trouble with Indian Tax Authorities. At this stage, I only want to PUT money in stock market. i do not intend to remove the money soon.
We request you to take consultation with our CA you will get proper guidance on your query. Please contact our NRI Desk at cs@aktassociates.com or 8080088288.
Superb video. What if the husband makes a gift deed favouring his wife, and transfers money from his NRE account to his NRO account, and then transfers from his NRO account to his wife's account?
Sir what if both wife and NRE husband has paid (although not equalily )for the registered flat.Can the rent income be shown equaly by the husband and wife in their respective return ?
Yes you can gift the money to her she can buy the property. If you need more information feel free to contact our NRI Desk at cs@aktassociates.com or 8080088288
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Informative. Thanks
Glad it was helpful!
Great video. Thanks. How does it work when both the spouses live and are tax resident abroad and invest in India? If only one is earning, and transfers a significant portion of the income to their spouse (according to the tax law of that country, clubbing rules do not apply). Using the funds, if the non-earning spouse invests in India in FDs and MFs, will clubbing rules apply in India ? It will be nice if you could make a video on this scenario.
We request you to take consultation with our CA for more clarification.
Please contact our NRI Desk at cs@aktassociates.com or 8080088288.
Even with the regd POA in spouse's mame , ur tax liability for rent recd or LTCG tax on sale later remains the same for u as NRI
I am an NRE. I am current doing SIP's through my NRO account from groww app since 2021. Also i have invested in Shares through groww app.
My category stating in groww is Resident indian. Is there any option to change to NRE category. Please let me know wheather i can continue with NRO account or else. Please advice.
how to solve this problem now if we already make this mistakes like buying property on parents or spous name??
Hi there! ... I am a Spanish national - no connection with India (never visited India). I now want to invest in Indian Stock market as I see India as a fast-growing economy. Can you please advise me on EVERY POINT below ---- 1). What is the type of account I need to have to invest in India Stock Market? 2). What are the documents I need to keep ready to open these accounts? 3). I do not want to open any account which will put me in trouble with Indian Tax Authorities. At this stage, I only want to PUT money in stock market. i do not intend to remove the money soon.
We request you to take consultation with our CA you will get proper guidance on your query.
Please contact our NRI Desk at cs@aktassociates.com or 8080088288.
Sir seafarer can invest with regular demat account link with nro account
Superb video.
What if the husband makes a gift deed favouring his wife, and transfers money from his NRE account to his NRO account, and then transfers from his NRO account to his wife's account?
In that case interest earned on the amount transferred by you, that interest has to be clubbed in your tax filing.
@@suhasmulay4534 Thanks!!!
Dear Arun ji, can Power of Attorney to a relation be used for the sale of property also, in India if the couple is NRI. Thanks
Yes you can give POA to relative for property sale.
For more clarification Please contact our NRI Desk at cs@aktassociates.com or 8080088288
clubbing of income will applicable to father also..?
Sir what if both wife and NRE husband has paid (although not equalily )for the registered flat.Can the rent income be shown equaly by the husband and wife in their respective return ?
Yes you can show your Rent income equally. 50 : 50.
If nri used resident saving account, can income tax raise issue of fema compliance or only discuss tax aspect?
NRI are not allowed to operate Saving Account, Please convert saving into NRO Account.
@@AKTAssociatesOfficial account already closed but what about past years?
But what if we see this as we are gifting the money to spouse and she is buying and filing taxes as per the tax rules.
Yes you can gift the money to her she can buy the property.
If you need more information feel free to contact our NRI Desk at cs@aktassociates.com or 8080088288
What if i took the property on my wife name, but all payments done to builder from my NRI acvount. WhT is future implications
We request you to take consultation with our CA for more clarification.
Feel free to contact our NRI Desk at cs@aktassociates.com or 8080088288