‘Money’ Archives
New IRS form to affect US NRIs
Indians living in the US, like other foreigners, will be monitored even more closely for their overseas assets, with the new provisions being introduced by the US Internal Revenue Service (IRS). The IRS has introduced an additional form – Form 8938 – which is a [Read More]
NRIs don’t need to report property deals to RBI
India’s federal bank says people of Indian origin (PIOs) and non resident Indians (NRIs) are not required to report property deals in India to the bank. This is likely to encourage further investment by NRIs in India. NRIs and PIOs don’t need to inform the [Read More]
Beware of bad credit traps for migrants
Australia Day is the time when thousands of new Australians are welcomed into the country’s dynamic multi-cultural society, but a national credit repairer says the road to financial success in Australia can be a harsh one for new migrants. Busy with starting a new [Read More]
401(K) and IRA – should expats invest in retirement plans?
Many overseas Indians and expats settled in the United States of America face a common dilemma – should they invest in a 401(K) plan or an IRA (Individual Retirement Account). The confusion is more prominent among non-US citizens or those without permanent residence [Read More]
Tax identity scam on rise in Australia
Australian tax payers should be aware of scams designed to extract tax file numbers for the purpose of identity fraud. This could leave their bank accounts empty and credit files ineffective for up to five years, says an Australian credit information expert. Director of [Read More]
India’s tax officials to review all property deals
With the growing pressure to tackle the black money issue, India’s income tax officials have aimed their guns at the country’s biggest source of black money – property. Under scanner will be the real estate deals likely undertaken in the 2010-11 year. [Read More]
India’s Aurobindo Pharma receives USFDA approval
Aurobindo Pharma Limited has received tentative approval from the US Food & Drug Administration to make and sell Venlafaxine Hydrochloride Extended-release These capsules are indicated for the treatment of major depressive disorder (MDD) and falls under the Neurological [Read More]
RBI simplifies rules for investing in property in India
The Reserve Bank of India (RBI) has relaxed norms and issued simple guidelines for the convenience of NRIs and PIOs wishing to invest in Indian real estate under the provisions of the Foreign Exchange Management Act, 1999. This is a good news for Non-Resident Indians (NRIs) [Read More]
Unsecured loans: without delay and documents
Unsecured loans are highly sought after in this recessionary economic climate. Unsecured loans are more popular than secured loans because you don’t need any property to get an unsecured loan. You don’t need to give any documents. In many cases, you can easily [Read More]
Can NRIs inherit agriculture land?
Manoj Mohapatra* lives in the United States. He is a US citizen with OCI card (Overseas Citizen of India). His parents own an agricultural piece of land in Andhra Pradesh in India. They are keen to give this land to Manoj. However, Manoj is not sure whether he can inherit [Read More]
