Browsing: Tax

For Non-Resident Indians (NRIs), managing finances across borders can be challenging. One essential document that often gets overlooked is the bank account statement from an Indian bank. Whether you’re applying for a visa, filing taxes, or managing international investments, your Indian bank statements are key to proving financial activity and credibility. This guide aims at Understanding NRI Bank Account Statements from Indian Banks and their importance in global financial transactions. Why NRI Bank Statements Matter Indian bank account statements offer a clear view of your financial history and transactions. These records are often required in the following scenarios: Bank statements…

Are you an NRI seeking to optimize your Indian income and reduce tax liability legally? ELSS Funds for NRIs offer one of the most tax-efficient routes to achieve just that—along with the bonus of participating in India’s high-growth equity markets. In this guide, we decode how Equity Linked Savings Schemes (ELSS) work for NRIs, how you can invest, the tax benefits you’re entitled to, and why ELSS might be the perfect blend of compliance, convenience, and capital appreciation. What Are ELSS Funds? Equity Linked Savings Schemes (ELSS) are mutual funds that invest a minimum of 80% of their assets in…

Planning to invest globally or earn income from abroad? If you’re a Non-Resident Indian (NRI), one key document can help you avoid paying taxes twice and ensure smoother international financial operations — the Tax Residency Certificate (TRC). In this blog, we’ll break down what a TRC is, why it’s crucial for NRIs, who can apply, how to get one, and how it helps you claim tax treaty benefits like reduced withholding taxes. What is a Tax Residency Certificate (TRC)? A TRC is an official document issued by the tax authority of your resident country. It confirms that you’re a tax…