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US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

A US-based NRI won relief in an NRI cash deposit tax case in India after the Delhi bench of the Income Tax Appellate Tribunal accepted that ₹11.18 lakh deposited during demonetisation came from earlier overseas remittances intended to support his parents. In an order pronounced on Wednesday, April 8, 2026, in Arun Bussi v. ACIT, the tribunal directed the deletion of the tax addition for assessment year 2017-18. The

NRI News

27 Jun 2026 09:05 AM 5 views

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

A US-based NRI won relief in an NRI cash deposit tax case in India after the Delhi bench of the Income Tax Appellate Tribunal accepted that ₹11.18 lakh deposited during demonetisation came from earlier overseas remittances intended to support his parents. In an order pronounced on Wednesday, April 8, 2026, in Arun Bussi v. ACIT, the tribunal directed the deletion of the tax addition for assessment year 2017-18. The

NRI News

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

Updated Thursday, June 18, 2026 FCNR deposits vs U.S. CDs can both provide fixed returns on dollar savings, but the higher advertised rate does not automatically make one the better choice for every NRI. As of Thursday, June 18, 2026, HDFC Bank listed 6.00% annually on eligible three- to five-year U.S. dollar FCNR deposits. Marcus by Goldman Sachs listed 3.70% APY on a three-year CD and 3.80

NRI News

18 Jun 2026 11:58 AM 11 views

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

Updated Thursday, June 18, 2026 FCNR deposits vs U.S. CDs can both provide fixed returns on dollar savings, but the higher advertised rate does not automatically make one the better choice for every NRI. As of Thursday, June 18, 2026, HDFC Bank listed 6.00% annually on eligible three- to five-year U.S. dollar FCNR deposits. Marcus by Goldman Sachs listed 3.70% APY on a three-year CD and 3.80

NRI News

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO accounts serve different purposes. The right choice generally depends on where the money was earned, which currency the depositor wants to hold and how easily the funds must move outside India. There is no single account that is best for every NRI. The RBI is encouraging banks to attract more foreign-currency deposits, although most NRI bank money in India remains in rupee-denominated accounts. Read ou

NRI News

18 Jun 2026 11:41 AM 10 views

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO accounts serve different purposes. The right choice generally depends on where the money was earned, which currency the depositor wants to hold and how easily the funds must move outside India. There is no single account that is best for every NRI. The RBI is encouraging banks to attract more foreign-currency deposits, although most NRI bank money in India remains in rupee-denominated accounts. Read ou

NRI News

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

An NRI, or Non-Resident Indian, is an Indian citizen who lives outside India for work, education, business, family or long-term residence. For Indian citizens living in the United States, NRI status is important because it affects India travel, bank accounts, property ownership, tax treatment, voting rights and long-term financial planning. In simple terms, an NRI remains an Indian citizen while living abroad. This is why NRI status is closely linked to Indian passport righ

NRI News

14 May 2026 09:52 AM 16 views

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

An NRI, or Non-Resident Indian, is an Indian citizen who lives outside India for work, education, business, family or long-term residence. For Indian citizens living in the United States, NRI status is important because it affects India travel, bank accounts, property ownership, tax treatment, voting rights and long-term financial planning. In simple terms, an NRI remains an Indian citizen while living abroad. This is why NRI status is closely linked to Indian passport righ

NRI News

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

Many Indians who migrate abroad continue to maintain strong financial ties with their home country through various savings and investment instruments, including the Public Provident Fund (PPF). However, once an individual’s residential status changes under the Foreign Exchange Management Act (FEMA), different rules come into play. The guidelines determine whether Non-Resident Indians (NRIs) can hold or operate PPF accounts and how the proceeds are managed upon maturity. Under exis

NRI News

25 Oct 2025 09:59 AM 708 views

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

Many Indians who migrate abroad continue to maintain strong financial ties with their home country through various savings and investment instruments, including the Public Provident Fund (PPF). However, once an individual’s residential status changes under the Foreign Exchange Management Act (FEMA), different rules come into play. The guidelines determine whether Non-Resident Indians (NRIs) can hold or operate PPF accounts and how the proceeds are managed upon maturity. Under exis

NRI News

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

As the Income Tax Return (ITR) filing window opens for the Assessment Year 2025–26, non-resident Indians (NRIs) are being presented with a valuable opportunity to simplify their tax obligations and, in some cases, avoid filing a return entirely. Under Chapter XII-A of the Income Tax Act, 1961, NRIs who earn income from specific foreign exchange (FOREX) assets in India may opt for a special concessional tax regime that offers multiple benefits—including exemption from filing if certai

Finance & Economics

30 May 2025 03:37 AM 1k views

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

As the Income Tax Return (ITR) filing window opens for the Assessment Year 2025–26, non-resident Indians (NRIs) are being presented with a valuable opportunity to simplify their tax obligations and, in some cases, avoid filing a return entirely. Under Chapter XII-A of the Income Tax Act, 1961, NRIs who earn income from specific foreign exchange (FOREX) assets in India may opt for a special concessional tax regime that offers multiple benefits—including exemption from filing if certai

Finance & Economics

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US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

PM Modi Gave a Strong Reply to Pahalgam Terrorists: Maulana Madani

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Dhankhar Stresses Adherence to Rajya Sabha Rules

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Student found in possession of a gun at Fossil Ridge High School, district officials say

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PM Modi Gave a Strong Reply to Pahalgam Terrorists: Maulana Madani

Adani Enterprises Raises USD 2 Billion from Adani Wilmar Stake Sale

Texas Teen Wins Spelling Bee With $50K Prize

Dhankhar Stresses Adherence to Rajya Sabha Rules

R Sabarinathan: From Vijay’s Driver’s Son to the Face of TVK in Virgumbakkam

Student found in possession of a gun at Fossil Ridge High School, district officials say

Axiom Launch Delayed: Shubhanshu Shukla’s ISS Mission Deferred Again

Texas Senate primary tightens as Cornyn, Paxton near runoff

KFCC Threatens Thug Life Ban Over Kamal Haasan's Remark

​Pakistan’s nuclear weapons safety remains global concern, says former US security advisor

#nritax

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

US-Based NRI Wins ₹11.18 Lakh Cash Deposit Case at ITAT Delhi

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR Deposits vs U.S. CDs: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

FCNR vs NRE vs NRO Accounts: Which Is Better for NRIs?

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

What Is an NRI? Meaning, Benefits, Banking and Property Rules Explained

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

PPF account guidelines for NRIs: Key rules, tax benefits, and maturity terms

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime

PM Modi Gave a Strong Reply to Pahalgam Terrorists: Maulana Madani

Adani Enterprises Raises USD 2 Billion from Adani Wilmar Stake Sale

Texas Teen Wins Spelling Bee With $50K Prize

Dhankhar Stresses Adherence to Rajya Sabha Rules

R Sabarinathan: From Vijay’s Driver’s Son to the Face of TVK in Virgumbakkam

Student found in possession of a gun at Fossil Ridge High School, district officials say

Axiom Launch Delayed: Shubhanshu Shukla’s ISS Mission Deferred Again

Texas Senate primary tightens as Cornyn, Paxton near runoff

KFCC Threatens Thug Life Ban Over Kamal Haasan's Remark

​Pakistan’s nuclear weapons safety remains global concern, says former US security advisor

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Pakistan’s nuclear weapons safety remains global concern, says former US security advisor

Pakistan’s nuclear weapons safety remains global concern, says former US security advisor