Dr. Chandrakant is very clear. The way he repeat the things are very very clear and i like the way the interview goes. Lot of thanks to the Mr. Shriram and team. Complete income tax informations for NRIs in simple half hour video. Amazing.
Dr Chandrakant and Mr Shriram, wonderful team. Very thorough explanations on different financial aspects for NRIs in very simple manners. Enjoy watching your diffraction episodes. Thanks.
Extremely well explained sir. Salute to bothvu and Mr Sriram, both of you have been very explicit and intricate in ur advice, explaining via various scenarios. Helps us NRIs tremendously. Thank you. If I ever have an investment issue I'm sure I will come take your professional advice.
Fantastic Discussion - I appreciate the simpler language and the manner of presentation to the normal person. Very nice. First video of this series i watched.
Sir, I really find this video very useful. I was desperately looking for these answers, thank you for bringing this up. Also pls could you make videos pertaining to: 1. How does Mutual fund co. Deduct tax when we redeem our investments considering all the investments made are throguh NRE or NRO account for income earned outside India. Also what are our obligations on the tax. Can I get any refund on the tax if my overall tax liability is below 250k lacs 2. While I invest for long period say 10 to 15 years and then I move to India, how should inwothdraw my investments. How will the tax structure behave if I redeem after I have moved to India 2.
The breadth of this discussion covered all corners, Fantastic. Excellent questions and concise/precise answers. Thank you both for your time and expertise
Thanks for the video it gave light to many of the unclear topics. In furture can you cover the topic on, 1. How can I NRI sell a property in India , things to consider. Taxation how to reduce tax 2 . What should be done if he needs to take that money from a sold property out of the country to use in different country . Taxation point of view etc
Detail explanation in simple way. Repeating statements 2-3 times is a good way of teaching and making viewers to learn in a classroom. Keep up the great work and please do bring newer topics 👍
Excellent. Most countries have calendar year taxation, however, in India, we follow Mar to Apr. Thus Jan to Mar will be taxed in other country next year. This aspect needs to be addressed
Narration about taxable income for NRI s and all relevant details are well explained in simple English and without any gossip. Thank you sir. I am subscribing your channel.
Information that you have asked in available in above video as well as below videos ua-cam.com/video/pmc_WXBQ_f8/v-deo.html ua-cam.com/video/pKQKwtwvUH4/v-deo.html ua-cam.com/video/fDF2ZsFM-cM/v-deo.html
Thanks for the video, it was very informative. Appreciate if you would do a video covering all issues related to a NRI returning for good. What he should to as a first time tax filer. What will happen to his NRE FDs and the interest accruing after he has returned. How long can he maintain NRI status after returning.
Sir, What is the criteria to be able to declare as an NRI? How to convert your savings bank account in India to NRE and NRO when once one goes to abroad? Please guide.
Conversion of savings bank a/c to NRO is governed as per your residential status under FEMA. Please check this video to understand how to determine one's residential status under FEMA. ua-cam.com/video/pmc_WXBQ_f8/v-deo.html A simple instruction to your banker though an e-mail would suffice along with such other documents as required by the banker for conversion of resident account to NRO.
Thank you discussing on this topic, well explained! Let's say my income from India is less than 2.5L, Is there any limit (should be less than RS 10k) to claim TDS deduced from NRO account ?
@@sriramrao2514 Thank you for your reply! As per 80TTA only 10k is allowed to claim , since my income is less than 2.5L so I can claim TDS deduced from NRO account. Is my understanding correct ?
Mr Sriram, thank you for the video. A quick question, I have invested in pension scheme with bank in India. The pension will start kicking in from this year. Since the pension is being paid in India do I consider this as part of my income in India?
Similar question....I have invested in PPF....which will be matured in couple of years. Will it be taxable when matured. when I started I was resident but currently NRI
Very useful information I was a NRI retired on1st April 2021 during my NRE status every assessment year I am filling the tax returns to get back my TDS which detected by the way of capital gains taxes.
NRE Interest is Tax Free u/s 10(4) of IT Act, however while filing return one should declare the NRE Interest as Exempt Income (EI) in Schedule EI of ITR form.
Sir, your videos are like Geeta ji for us. Humble request to make them short and brief - it would be very helpful to take the points and maintain concentration
I am surprised that example of TDS of 30% on 1 lakh interest is mentioned...for non-mandatory filing of return. Actually it would be mandatory because TDS is more than Rs. 25000.
Mandate for filing return of income is not based on TDS, but based on aggregate taxable income... if excess TDS is deducted, its sensible to file return of income and claim refund.. but its not mandatory as per law...
Thanks for yr Advice for filing the return.But let me clear one thing for deduction. The Nri is also entitle to claim deduction under sec 80 C and 80 TTB.
Thank you, happy to know that LTCG/STCG tax deducted at source for sale of shares/dividends/redemption of MF is closing your Tax obligation and no need to file IT if no other income above 2.5lakhs are there.
even though no need to file an income tax return but while redeeming units from a mutual fund; the AMC will deduct directly without looking whether it is below 1 lakh rupees or not; they will directly deduct TDS for whatever may be the gain;
I never know, when this GOI will become mature as they kept 2.5 lakh limit for many years and every year inflation is up nearly 10%. Automatically this limit should increase by 10% every year. GOD BLESS FM.
Sir, thanks good discussion, there are many deductions which goes in very detail. one is property maintenance deduction from rental income may be mentioned. thanks.
Awesome details. It is really an Eye-opener to the persons having taxable income of TDS but not filing Tax returns in India. Thanks for this useful video once again.
Sir, please make a video for businessman (particularly proprietor) who has existing business and India and moves abordas to become NRI. (1) Can he continue running his business? (2) what are the main laws governing income repatriation and fresh investment? Thank you!
Last part of the video - Option of not filing tax return - It is always better to file tax return, even nil tax return, because if there is a sale of large asset later, like house, land, MFs, Shares etc, then the NRI would straight away face scrutiny.
Thanks for the topic and the video. Even if interest income is less than 2.5 Lakhs, one way to get the taxes paid for this earned interest via TDS is to file income taxes. I think there is a declaration a NRI can make to the bank stating bank not to deduct TDS. Can you please clarify?
You can do that by opening PIS Demat account on repatriable basis, contact your banker and ask them for specially this type of account, they would be able to help you in this regard
By far the best video about filing tax returns for NRI’s. Thank you for the detailed session 🙏
One of the best videos any NRI can benefit listening to fir their tax purposes.
Dr. Chandrakant is very clear. The way he repeat the things are very very clear and i like the way the interview goes. Lot of thanks to the Mr. Shriram and team. Complete income tax informations for NRIs in simple half hour video. Amazing.
Dr Chandrakant and Mr Shriram, wonderful team. Very thorough explanations on different financial aspects for NRIs in very simple manners. Enjoy watching your diffraction episodes. Thanks.
Sir, please make such wonderful and self explanatory video for Seafarers who become NRI after 183 days. Please make such brief video. Thank you
very useful talk on filing tax return for NRI. Very clearly explained. Thank you.
Extremely well explained sir. Salute to bothvu and Mr Sriram, both of you have been very explicit and intricate in ur advice, explaining via various scenarios. Helps us NRIs tremendously. Thank you. If I ever have an investment issue I'm sure I will come take your professional advice.
Excellent presentation. Your questions to Sriram with specific examples were brilliant. Great work.
Fantastic Discussion - I appreciate the simpler language and the manner of presentation to the normal person. Very nice. First video of this series i watched.
Wonderful presentation by Dr. C. Bhat and CA Sriram Rao. This technical information will help many NRI's.
Sir, I really find this video very useful. I was desperately looking for these answers, thank you for bringing this up. Also pls could you make videos pertaining to:
1. How does Mutual fund co. Deduct tax when we redeem our investments considering all the investments made are throguh NRE or NRO account for income earned outside India. Also what are our obligations on the tax. Can I get any refund on the tax if my overall tax liability is below 250k lacs
2. While I invest for long period say 10 to 15 years and then I move to India, how should inwothdraw my investments. How will the tax structure behave if I redeem after I have moved to India
2.
The breadth of this discussion covered all corners, Fantastic. Excellent questions and concise/precise answers. Thank you both for your time and expertise
Thank You for the video. It really helped me to understand the taxation updates for NRIs .
Very useful presentation sir .Dhanyawad sri Rama Rao and ur revered channel.
Thanks for the video it gave light to many of the unclear topics.
In furture can you cover the topic on,
1. How can I NRI sell a property in India , things to consider. Taxation how to reduce tax
2 . What should be done if he needs to take that money from a sold property out of the country to use in different country . Taxation point of view etc
Both of you are genuine professionals and are making a great contributions to NRIs. Thank you
Jayakumar (NRI), Singapore
Most awaited discussion and clarification. Lot of people needed thIs information! Thank you.
Detail explanation in simple way. Repeating statements 2-3 times is a good way of teaching and making viewers to learn in a classroom. Keep up the great work and please do bring newer topics 👍
Excellent. Most countries have calendar year taxation, however, in India, we follow Mar to Apr. Thus Jan to Mar will be taxed in other country next year. This aspect needs to be addressed
Excellent communication skill.
Ki in
Calendar year wise tax credit is difficult to understand. Should NRI go by Indian financial year while reporting to make it simple?
Thanks for the nice video. The moderator has put enough effort to get many scenarios covered. Great work.
Excellent presentation. What all doubts in my mind , has been cleared. Thanks a lot sir for such expert opinion done on our behalf
Narration about taxable income for NRI s and all relevant details are well explained in simple English and without any gossip.
Thank you sir.
I am subscribing your channel.
In future videos please clarify the difference between residential status of an NRI , as determined by FEMA and INCOME TAX Act
Information that you have asked in available in above video as well as below videos
ua-cam.com/video/pmc_WXBQ_f8/v-deo.html
ua-cam.com/video/pKQKwtwvUH4/v-deo.html
ua-cam.com/video/fDF2ZsFM-cM/v-deo.html
Im very fortunate to be a subscriber of this wonderdul channel. Thank you dr chandrakanth and our guest sriram
24.00 to 27.00 is the most important part of this topic … Investing in shares with NRE money..
What a wonderful team! All aspects relating to the topic has been explained well and in simple terms. Thanks!
Thanks for the video, it was very informative. Appreciate if you would do a video covering all issues related to a NRI returning for good. What he should to as a first time tax filer. What will happen to his NRE FDs and the interest accruing after he has returned. How long can he maintain NRI status after returning.
Hi ,I too have Same Query , Did you Got the answer, kindly Tell
Yes, I have got👍🏼👍🏼
Very clean , clear crisp explaination. Thank you so much!!
Thank you very much for your kind words
Wonderful! Thank you so much for the clear information.
Very informative with the simplest manner of imparting. Well done 🎉 Many Thanks 🌹
Thanks for the clarity 🙏🏻- I am an NRI and always had doubts whether I need to file ITR as my income accrued in India was less than 2.5 lakhs
No need to file Return.
Well researched video on doubts that an NRI faces - good content coverage !!
Sir, What is the criteria to be able to declare as an NRI? How to convert your savings bank account in India to NRE and NRO when once one goes to abroad? Please guide.
Conversion of savings bank a/c to NRO is governed as per your residential status under FEMA. Please check this video to understand how to determine one's residential status under FEMA.
ua-cam.com/video/pmc_WXBQ_f8/v-deo.html
A simple instruction to your banker though an e-mail would suffice along with such other documents as required by the banker for conversion of resident account to NRO.
Thank you Sir. You have explained it very clearly . You have done a great job!
Thank you discussing on this topic, well explained! Let's say my income from India is less than 2.5L, Is there any limit (should be less than RS 10k) to claim TDS deduced from NRO account ?
No such limit for non-residents...
@@sriramrao2514 Thank you for your reply! As per 80TTA only 10k is allowed to claim , since my income is less than 2.5L so I can claim TDS deduced from NRO account. Is my understanding correct ?
@@baaalaa Yes..
Dr Chandrakant and Mr. Sriram very clear explanation
Mr Sriram, thank you for the video. A quick question, I have invested in pension scheme with bank in India. The pension will start kicking in from this year. Since the pension is being paid in India do I consider this as part of my income in India?
Yes. It will be part of Income.
Similar question....I have invested in PPF....which will be matured in couple of years. Will it be taxable when matured. when I started I was resident but currently NRI
@@MmurariMmohan PPF is tax exempt at all 3 points
Thank you for your clear explanation of the tax applicability to NRIs.
On of the best income tax discussion I have experienced so far. Many thanks
Thank you so much! Such a fantastic video. Great information, very clearly laid out, brief and succinct. Can’t ask for more!
Very useful information
I was a NRI retired on1st April 2021 during my NRE status every assessment year I am filling the tax returns to get back my TDS which detected by the way of capital gains taxes.
Mr. Shriram... I've no more doubts. 😊
Thanks Doc! 👍
.
Thank you very much for your kind words
Excellent video presentation. Great knowledge sharing and guidance to NRI's
Thanks a lot Sir, this interview washout my all doubts ..super..
Very clear and detiled info.
Thank you Mr. Bhat and Mr. ShriRam.
Excellent video. Explained very clearly twice .very much helpful
Thank you for this correct helpful information .Looking forward for more videos on NRI money .
I cleared all my doubts and worries
Thank you for discussing this topic with detail explanation and examples. Really appreciated 🙏
Very very informative and useful about NRI and the IT act concerning their income. Tks for sharing
Thank You Sir both of you for clarifying all our doubts.
Kindly clarify for OIC/PIO who is not a citizen of India but has income and property in India. Thanks to clarify in this session
same rules would apply....
Excellent clarifications by way of examples to make the understanding of the subject
Very good program and much useful information. Thanks.
Wonderful explanation, all topics are covered, all my doubts are cleared, great. Worthy video
The tax office must be told about any foreign income if they take it out of India.Honesty
Excellent explanation, thank YOU both Sirs! 🙏🙏
NRE Interest is Tax Free u/s 10(4) of IT Act, however while filing return one should declare the NRE Interest as Exempt Income (EI) in Schedule EI of ITR form.
Sir, your videos are like Geeta ji for us. Humble request to make them short and brief - it would be very helpful to take the points and maintain concentration
Really very nice discussion of both of you . Thanks
I am surprised that example of TDS of 30% on 1 lakh interest is mentioned...for non-mandatory filing of return. Actually it would be mandatory because TDS is more than Rs. 25000.
Mandate for filing return of income is not based on TDS, but based on aggregate taxable income... if excess TDS is deducted, its sensible to file return of income and claim refund.. but its not mandatory as per law...
Thank you sir for guiding the return of income for NRI
Thanks for yr Advice for filing the return.But let me clear one thing for deduction. The Nri is also entitle to claim deduction under sec 80 C and
80 TTB.
Yes, they can… I didn’t deny that… the discussion in the video was something different… watch video fully…
Such nice presentation 👏🏽thankyou Dr bhat
Good clarity with examples well explained.
This young gentleman is so smart
Very well explained tthnks to both of you
Thank you, happy to know that LTCG/STCG tax deducted at source for sale of shares/dividends/redemption of MF is closing your Tax obligation and no need to file IT if no other income above 2.5lakhs are there.
even though no need to file an income tax return but while redeeming units from a mutual fund; the AMC will deduct directly without looking whether it is below 1 lakh rupees or not; they will directly deduct TDS for whatever may be the gain;
Excellent presentation thanks for such knowledge
I never know, when this GOI will become mature as they kept 2.5 lakh limit for many years and every year inflation is up nearly 10%. Automatically this limit should increase by 10% every year. GOD BLESS FM.
again, great video!!!! I have been seeing videos from this channel and it is always very very useful. A ton of thanks to both of you!!!
Excellent presentation about NRI taxation.
VERY VERY GOOD PRESENTATION
Thank u very much for the video, it is very helpful for our NRI friends. We shall be happy to get such useful information
Explained the topic with excellent clarity.
Thank you for giving us the Great in depth information...indeed helpful.
Please cover sale of a residential plot property in India by NRI Karta of HUF from the point of view of taxation and remittance of proceeds to USA.
Sir, thanks good discussion, there are many deductions which goes in very detail. one is property maintenance deduction from rental income may be mentioned. thanks.
Nice video ! But how electricity bill of a NRI will be above one lac
Awesome details. It is really an Eye-opener to the persons having taxable income of TDS but not filing Tax returns in India. Thanks for this useful video once again.
77
Please make a video on applying by a NRI to ITO for reduction of rate of TDS as the normal rate would be much higher than the 5ax payable.
Can you please make a video on topic NRI/OCI purchasing Agro land in India.
Invariably he explains it well 😊
Please make a vedio in respect of Foreign companies get benifit to their home country.
A video on tax form num for nri is useful … looking forward sir
Superb..!! It is really very useful. All my questions are answered. Thank you so much for this discussion and clarifications.
Thanq for the guiding videos.
This is a very important topic and I believe you have covered all aspects of it.. thank you.
You are very clear cent percent unambiguous
Thank you for kind guidance
Thank you for your kind words
It's very useful info and clear.... Thank you
The best video I ever seen. Thanks for making such a nice video.
very nice bhat sir and rao sir
Very clear explanation. 👌
Sir, please make a video for businessman (particularly proprietor) who has existing business and India and moves abordas to become NRI. (1) Can he continue running his business? (2) what are the main laws governing income repatriation and fresh investment? Thank you!
Yes, he can continue to maintain business... he can use further funds to invest in Indian business...
Re:- Bank account:- While filling ITR form, do we need to include NRE accounts also on top of NRO a/cs.your comments ,please. Thank you.
Excellent - very informative discussion.
Last part of the video - Option of not filing tax return - It is always better to file tax return, even nil tax return, because if there is a sale of large asset later, like house, land, MFs, Shares etc, then the NRI would straight away face scrutiny.
Thanks for the topic and the video. Even if interest income is less than 2.5 Lakhs, one way to get the taxes paid for this earned interest via TDS is to file income taxes. I think there is a declaration a NRI can make to the bank stating bank not to deduct TDS. Can you please clarify?
Any reference of reliable and knowledgeable CA to help file taxes in India .
Very clear. I do not have to file the tax return in India 😊
Sir, much appreciated your kind efforts and of Sriram Sir.
Pls advise how can an NRI invest in Indian stocks holding only NRE savings account. 🙏
You can do that by opening PIS Demat account on repatriable basis, contact your banker and ask them for specially this type of account, they would be able to help you in this regard