As a NRI, Where i can Invest?

One can invest in the following as per RBI guidelines

• Domestic mutual funds
• Govt.Dated securities Bills,Bonds issued by a PSU in India
• Money Market Mutual Funds
• National Plan/Saving Certificate
• Non convertible debentures of a company incorporated in india
• Shares and convertible debentures of indian companies under the FDI scheme.
• Shares in public sector Enterprises being dis-invested by the Government of India
• Shares and convertible debentures of indian companies through stock exchange under Portfolio Investment scheme.

For Enquires & Queries:

http://www.nritaxation.com.au (Australia)

http://www.nritaxes.com (USA)

NRI Problem & Nobilis Solution

Problem

A resident Indian holding Australian Permanent Residency (APR) gave up on his APR and withdrew his Provident Fund Account in 2016. He wanted to know the tax implications on withdrawal of the amount in Australia and India.

Solution

NOBILIS advised him on the tax implications and tax saving options available in India and tax implications in India and Australia.

"Open the door with the help of small key"