Quick Guide For NRIs While Investing In India
Investment destination
It is no secret that the economy is in a volatile state and so, Indians who are working in foreign country showing more concern about their job security and investment they are making. But alongside they are also managing their finances in a better way by taking professional advice and at the same time thinking of investing more money in India their home country. In terms of economy when compared to other developing nations like Russia, China and Brazil, India is considered as one of the best destinations for investment.
Taxation
When it comes to taxation, you need to know all the different rules related to different sources of income. For any income that is received arises or accrues in India is taxable and any income that is received outside arises or accrues India is not taxable for an NRI.
If you are investing in dividends declared by equity oriented funds or mutual funds, more than 65 percent of assets are invested in equities, and then being an NRI investor, your income is not taxed. Similarly, dividends declared by debt-ridden mutual funds (where less than 65 percent assets are invested in equities) are also tax-free.
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