NRIs - Financial Transactions Restricted & Permitted with approvals | FEMA & IT Act

Video is created by our Guest Speaker - CA Yogesh Katariya, Sr. Partner, SPAY & Co. in Pune.
Major Topics Discussed in the video -
• FEMA (Foreign Exchange Management Act) NRI Vs Income Tax NRI.
• What a FEMA NRI is allowed to do?
• I am NRI, Can I buy Agricultural Land?
• Being NRI, Can I Invest in PPF(Public Provident Fund), NPS (National Pension Scheme), NSC (National Savings Certificate)?
• I am NRI, Can I claim Deduction for Home Loan Interest/Principle?
• I am NRI, Can I buy Shares or Mutual Fund?
• I am NRI, Can I do Intraday Trading?
• Being NRI, Can I Gift movable / Immovable Property?
• Being NRI, Can I Claim Deduction under Chapter VI-A or U/s 80?
• Being NRI, Can I Donate an Amount or Property?
• I am NRI, Can I do Renting of Immovable Property?
• I am NRI, Whether my NRE Interest is Taxable?
• Can I have NRO / NRE Joint Account?
• Being NRI how much can I remit outside India?
• Being NRI, can I do Agricultural Activity?
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Пікірлер: 55

  • @rcdahiya2256
    @rcdahiya22565 күн бұрын

    Well explained and nice presentation, 🇮🇳Jai ho

  • @raaz99lion
    @raaz99lion4 жыл бұрын

    Very useful informative video. Thanks Yadnya...😊😊

  • @manideepmahankali5137
    @manideepmahankali51374 жыл бұрын

    Thanks for the Knowledge sir

  • @gururaj3669
    @gururaj36693 жыл бұрын

    Thanks for sharing information. What exactly it means when you say oci can't involve in agricultural activities or cultivation? In my case, I am going to get agri land via inheritance and it has got plantation. Can I take returns from and maintain the inherited farm property?

  • @realitycheck4673
    @realitycheck46734 жыл бұрын

    Thank you sir for this video but I also want know about REIT how can any invest in this??

  • @amitbhatnagar6380
    @amitbhatnagar63803 жыл бұрын

    Sir ,very informative video, just want to clearify (if I heard the video correctly),if a person with NRI Status(both Income tax and FEMA) comes to India and after 1 month closes NRE Account and becomes FEMA Resident Indian status (but according to Income Tax Law NRI Status),will his NRE Fixed deposit Interest be taxed after 1 month or after 182 days(as he is Income Tax Statius NRI for 182 days)

  • @SH-em2eu
    @SH-em2eu Жыл бұрын

    NRI holding existing PPF account can continue maintaining account but can't contribute yearly 1.5 lakh each year till maturity period ?

  • @rajibseth
    @rajibseth2 жыл бұрын

    Can NRI hold indian credit card which can be used domestic or internationally ?

  • @vibhinpeter3482
    @vibhinpeter34824 жыл бұрын

    Kindly advise if PIS account is required for NRO account for stock trading

  • @spay4371

    @spay4371

    3 жыл бұрын

    now not required.. earlier it was required

  • @drl.ramjirao4452
    @drl.ramjirao44522 жыл бұрын

    Can an NRI transfer money from his foreign bank account or NRE account to his Indian relative’s savings account

  • @RamKumar_e
    @RamKumar_e4 жыл бұрын

    Thanks for the informative video. Couple of questions: * So, if NRI wants to invest in MF or shares in India directly (like how one does as a resident of India), is it not allowed? * What is NRE and NRO account, and what are its uses? (If Yadnya has made any videos on this topic, please let me know, thanks).

  • @spay4371

    @spay4371

    4 жыл бұрын

    Yadnya has video on NRE and NRO account..

  • @RamKumar_e

    @RamKumar_e

    4 жыл бұрын

    @@spay4371 I did search in the channel search bar before but I couldn't find it. Please share the link if you have it handy, thanks

  • @jhapizza
    @jhapizza4 жыл бұрын

    NPS is allowed. Please recheck. I opened and have an active NPS account as NRI

  • @cbvmathcbvmath

    @cbvmathcbvmath

    3 жыл бұрын

    You are right. Infact the PPF contribution is also allowed until maturity. But I cannot extend it anymore. I got this info from my Bank.

  • @spay4371

    @spay4371

    3 жыл бұрын

    Yes NPS contribution is allowed. By mistake its told as not allowed.. sorry for that..

  • @sagarlolge6154
    @sagarlolge61544 жыл бұрын

    Thanks for the information..Can you share more details on transferring fund from NRO to NRE

  • @spay4371

    @spay4371

    4 жыл бұрын

    Surely..

  • @shrinugst5123
    @shrinugst51233 жыл бұрын

    one person is NRI who buy Agri land in 1985.what they do

  • @sivay1818
    @sivay18184 жыл бұрын

    Hello sir, investing in equities from parents account I don't see any issue, do u see?

  • @spay4371

    @spay4371

    4 жыл бұрын

    As it is through their account. Its their investment.. No issue..

  • @sravan1004
    @sravan10044 жыл бұрын

    Transaction approval is required from whom..? Example : Purchasing a residential property and earning interest from NRE account. etc.., who should give approval for this...???

  • @spay4371

    @spay4371

    4 жыл бұрын

    From RBI. Not all transactions required approval. some are freely allowed

  • @shobhitgarg5707
    @shobhitgarg57074 жыл бұрын

    Nyc

  • @shareefms0009
    @shareefms00094 жыл бұрын

    Nps is allowed for nri .While opening itself it is stating as nri or normal. I opened with nri status and contributing regularly.

  • @spay4371

    @spay4371

    3 жыл бұрын

    Yes NPS contribution is allowed. By mistake its told as not allowed.. sorry for that..

  • @maheshnair208
    @maheshnair2083 жыл бұрын

    R u sure nps contribution is not allowed? Bec I have NPS account which I pay through my NRE account and its allowed. Pls check and confirm sir

  • @spay4371

    @spay4371

    3 жыл бұрын

    Yes NPS contribution is allowed. By mistake its told as not allowed.. sorry for that..

  • @surendrabhandari2248
    @surendrabhandari2248 Жыл бұрын

    Wether NRI son can give gift to father Indian resident on visitingIndia on father’s birthday 18:28

  • @KunjanDoshi92
    @KunjanDoshi924 жыл бұрын

    Just one feedback. This video can be shortened. There are too many repetition in video which makes video very slow.

  • @spay4371

    @spay4371

    4 жыл бұрын

    Thank you for your valuable input.. will take care in next video..

  • @keeplearning641

    @keeplearning641

    3 жыл бұрын

    @@spay4371 I would suggest to keep the videos/discussions slow enough - I guess, the current speed is very good. Trust me, it actually did help me understand what Yogesh tried to explain. Thank you for help!

  • @sandeepkrao
    @sandeepkrao4 жыл бұрын

    You mentioned PPF and NPS not allowed. But said PPF can be continued. Similarly how about continuing contribution to an existing NPS account? Can it be done?

  • @spay4371

    @spay4371

    4 жыл бұрын

    No, You can not contribute..

  • @cbvmathcbvmath

    @cbvmathcbvmath

    3 жыл бұрын

    @@spay4371 I think this is incorrect. One can create NPS as an NRI. I just did created an NPS account as an NRI 3 months ago.

  • @spay4371

    @spay4371

    3 жыл бұрын

    Yes NPS contribution is allowed. By mistake its told as not allowed.. sorry for that..

  • @sandeepkrao

    @sandeepkrao

    3 жыл бұрын

    @@cbvmathcbvmath I stopped following this CA long back after I got the wrong info ... I knew the same day when I saw the reply that the CA isn't doing his homework before responding

  • @vijayparigi8537
    @vijayparigi85374 жыл бұрын

    Could you please check and confirm regarding investing in NPS...I think it is allowed as NRI? Thanking you in advance

  • @spay4371

    @spay4371

    4 жыл бұрын

    Self contribution of 50K not allowed. if paid by employer, then only allowed..

  • @spay4371

    @spay4371

    3 жыл бұрын

    Yes NPS contribution is allowed. By mistake its told as not allowed.. sorry for that..

  • @rajurh9258
    @rajurh92584 жыл бұрын

    How about education education fees for nri kids will it be high?

  • @spay4371

    @spay4371

    4 жыл бұрын

    No..

  • @bornwarrior85
    @bornwarrior854 жыл бұрын

    Thanks sir, Can NRI invest in LIC policy?

  • @spay4371

    @spay4371

    4 жыл бұрын

    Yes

  • @tester2267
    @tester22672 жыл бұрын

    Tier Two of NPS is permitted to NRIs

  • @akotireddy
    @akotireddy Жыл бұрын

    What is definition of NRI

  • @pragvanshawachar1595
    @pragvanshawachar15952 жыл бұрын

    NPS shayad allowed hai...

  • @dkgupta564
    @dkgupta5644 жыл бұрын

    R u sure that NRI cannot invest in NPS ?

  • @spay4371

    @spay4371

    4 жыл бұрын

    NPS contribution by Employer is only allowed, self contribution of 50K nor allowed

  • @spay4371

    @spay4371

    4 жыл бұрын

    *not

  • @dkgupta564

    @dkgupta564

    4 жыл бұрын

    I am referring to private NPS. In this case there is no employers contribution. Just to clarify that I am not asking for IT benefit while investing in NPS. Just a simple question - If investing in NPS by a NRI is restricted by FEMA or IT law ?

  • @dk45
    @dk454 жыл бұрын

    Good information but extremely poor presentation. Terrible 😐 Sentences/topics are being repeated multiple times. 🤦🏽‍♂️

  • @spay4371

    @spay4371

    4 жыл бұрын

    Thank You for your valuable inputs. Will take care in further videos..

  • @keeplearning641

    @keeplearning641

    3 жыл бұрын

    ​@@spay4371 I would say the opposite. Sentence/words repetition is actually necessary to help the listener understand the topic properly. I appreciate the speed of talking/discussion - it's highly focussed on helping the viewer and listener instead of just speaking in front of camera.

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