It's that time of the year again when every NRI starts to worry about their income tax filing in India. Thankfully, due to technological advancements, now NRIs can file income tax online with their comfort of office and home. Nevertheless, filing Income tax returns is not an easy job and there are some key things which every NRI should remember about income tax, filing returns, tax saving, deductions, and exceptions, etc. In this article, I'll share 10 of such things, which is useful for every Indian living abroad, particularly for those who have recently migrated to overseas from India, like a young software engineer from Infosys or TCS.
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Recently one of my readers asked me that he wants to invest some money on NRE fixed deposits but confused on whether to go for foreign banks like Citibank, DBS, Standard Chartered, Deutsche Bank or Indian banks like ICICI, Kotak, HDFC, SBI, Axis Bank or Union Bank? I asked him, whether he has any existing NRE saving account , he says he doesn't have any existing NRE saving account? Then I ask him what is more important for you? the interest rate or convenience? and his answer was the interest rate. Read more »
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