This NRI couple in Melbourne is looking to move back for family and higher affordability

This NRI couple in Melbourne is looking to move back for family and higher affordability

While the quality of life in Melbourne is superior, it comes at a heavy price — both literally and metaphorically. “We miss family and the general lack of community the most. Australia is a lonely country. That’s the primary reason we want to move back,” said Saurabh. “Also, the cost of living as a percentage … Read more

Reintroduced indexation benefit for property disallows loss offsets, excludes NRIs and companies

Reintroduced indexation benefit for property disallows loss offsets, excludes NRIs and companies

The recent amendment to long-term capital gains (LTCG) tax on real estate has brought some respite to property owners. Those who acquired real estate before 23 July 2024 now have the option to choose between a lower tax rate without indexation or a higher rate with indexation. Property owners will have the option to pick … Read more

Can an Australian NRI get exemption on capital gains?

Can an Australian NRI get exemption on capital gains?

I live in Australia with my family. Somewhere in mid-2020, I had invested in some liquid mutual funds, which I redeemed in March this year to book profits. TDS (tax deducted at source) has been deducted upon redemption. I have read that NRIs (non-resident Indians) in the UAE do not have to pay capital gains … Read more

Retirement planning for NRIs: Investing in India

Retirement planning for NRIs: Investing in India

At present, I am a non-resident India (NRI) working in Finland and want to start investing in the Indian stock market. While I live alone here, my family resides in India. I plan to work for a maximum 6 to 7 years in Finland and then come back to India. I have a house in … Read more