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The UK government issued a plastic card, which indicates BRP over it and proves an immigration status.
Albania, Bosnia and Herzegovina, Colombia, Georgia, Gibraltar, Kosovo, Mexico, Montenegro, North Macedonia, Peru, Romania, Serbia, and Vatican City.
To apply for a Biometric card online, you need to visit the official website and first create a UKVI account the fill out the online application form with all the correct details, with all the documents, submit biometrics, book an appointment, and pay the fees for the application.
No, a tourist cannot obtain a Biometric Residence Permit as it is only valid for students (except from the European Economic Area or Switzerland) who are on a student visa to continue their education.
Yes, investing in the National Pension Scheme is a good option for NRIs. It provides higher returns and assists them in saving some taxes which makes it the right investment plan after their retirement.
80CCD 1B is a special tax benefit offered to NRIs in India. It allows savings of up to Rs 50000 tax when contributing to the NPS for NRI.
Well, it depends on the investment goals and risk tolerance of the person. If the individual gives priority to guaranteed, low-risk returns then PPF is a good option. However, if he/she is comfortable with fluctuations in the market for higher returns, then NPS is a better choice as it provides market-linked returns with flexibility in the allocation of assets.
The NPS scheme holds drawbacks like no withdrawal till maturity, not as tax-efficient upon maturity, lock-in period, partial exemption of tax, and limited exposure of equity.
The amount you invested in buying of Annuity is free from tax. However, the annuity income that you get in the subsequent years is not tax-free. You receive tax benefits when you withdraw up to 60% of the total corpus in a lump sum.
If the corpus is less than or equal to Rs 500000 then you are allowed to do lump sum withdrawal. However, if the amount is more than Rs 500000 then 60% is paid as a lump sum, and 40% of the accumulated pension is used to buy an annuity.
Yes, as an NRI investing in India is a good option. It allows you to take the benefit of potential growth of the country. Also, there are several investment options available for NRIs to grow their wealth and financially secure their future.
The NRI investment options for NRIs available in India include fixed deposits, mutual funds, real estate, a national pension scheme, gold, and more.
The incomes generated by NRIs in India are taxable in India. This involves rental income from real estate, return on investment, and both short and long-term gain on captain arising from the purchase or sale of assets in the country.
Yes, you can invest in SIP (Systematic Investment Plan) in India like a local Indian resident. Also, it can provide you benefit with rupee appreciation and growth in wealth over time.
Being an NRI you can only continue your existing PPF (Public Provident Fund) account that was opened when you were an Indian resident. Considering this, you are not allowed to open a new PPF account.
The responsibility of tax residency is upon the individual. He/she should consult their personal tax advisor or chartered account (CA) for this. The determination is done by answering certain questions involving the payout form that further guides the TDS application. It is vital to form a tax residency to get the benefits of the Double Taxation Avoidance Agreement (DTAA).
For NRIs fixed deposits are one of the great options to earn fixed return investment in India. In addition, these are stable and secure options for investment with banks and other financial institutions.
Yes, NRIs can invest with a PAN card and NRO/NRE account in a mutual fund and other asset classes. However, the required documents may differ as per the asset class.
For address proof, you need documents such as electricity bill, telephone bill, water bill or bank statements.
Yes, As per the current guidelines, it has become crucial to have police verification in every case or re-issue passport.
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