When Should an NRI pay tax in India | Conditions & Criteria | ITR Refund Ultimate Guide on NRI Taxes

Term Plans in India are 30%-50% cheaper than International Plans. Buy Now 👇
tinyurl.com/nr...
Comprehensive guide on whether NRIs should file a tax return in India. In this video, we break down the essential criteria for tax filing, the types of income considered taxable, and the various deductions and exemptions available to NRIs. Learn about the tax limits, mandatory filing requirements, and how you can save on taxes through allowable deductions like life insurance premiums, children's tuition fees, home loan repayments, and more. Discover the advantages of term insurance, and get tips on maximizing your tax benefits. Stay informed and ensure compliance with Indian tax laws as an NRI!
Join Learner's Community : / @finance.boosan
Official Website - Courses & Learning Materials : www.financeboo...
Social Media
Whatsapp Channel : whatsapp.com/c...
Instagram : / finance.boosan
New Account opening link for SIP and Stock Investments :
Zerodha : bit.ly/newZero...
Video Editor : / jagan_editor
Other useful links : beacons.ai/boosan
#financeBoosan #personalfinance
Stock Market, Mutual Funds, Investments, Personal Finance, Make Money Online

[@finance.boosan]

Term Plans in India are 30%-50% cheaper than International Plans. Buy Now 👇 tinyurl.com/nrkbttcs Join Learner's Community : kzbin.info/door/mfl6VteCu880D8Txl4vEagjoin Official Website : www.finaneboosan.in Instagram : instagram.com/finance.boosan/

[@manick7475]

Bro - Which account (NRE or NRO) is better for investing in mutual funds ?

[@kavinkumar_Streak]

Hi Boosan, could you please do a demo on how to file ITR for NRI from the ITR portal? It will be really helpful for us. Other NRIs Please upvote this comment so that he can consider for upcoming content!

[@elangoyk]

It’s a complicated process for NRI. I spent several hours to figure that out.

[@hariprasadanguraj6890]

it will be useful for many

[@ChefSuganthan]

Yes

[@buddyindian6019]

Please consult with an auditor they may charge 1500 for filing. Don't bang your head. I did the same way

[@ohmycanada-sv7dk]

@@buddyindian6019can you please share any auditor contact dear that would be great

[@Rocky28The]

Please post more videos on NRI

[@finance.boosan]

Definitely, if there's enough interest.

[@ezhilarasan5593]

Very much interested Boosan..

[@jasheerali]

@@finance.boosandefinitely interested

[@Sankaran_misc]

Please consider making additional videos bro

[@user-if9mi3sb3i]

Please do more video for NRI investment & please clarify does DMart account required to invest in mutual fund? Please put a video from were to start & how to invest

[@praveenkumard859]

Thank you so much bro ❤️🙏 , for the clarification Kindly🙏 make more videos about NRI And please make an NRI penalties if not follow rules like not changing saving acc, NRO demat account etc...

[@Upward01]

I was looking for this. Very much appreciated. Very detailed and clear explanation.

[@yesyes2419]

Thanks Boosan for making this video based on the feedback comments taken from your last video . It was informative and useful . Thanks.

[@dineshbabu7882]

Hi bro intraday, F&O, short term and long term income tax e filling ITR-3 p&l eppadi panrrathu oru video podunga july 31st last date please make video quickly

[@elangoyk]

I appreciate the videos for NRI, quite helpful for the under served audience.

[@itzdevaraj]

lot of good info !! thankyou

[@singaravelantamilarasan9830]

Thank you so much bro , most useful video ✌🏻

[@kesavansadanandam6287]

Hi Boosan, Thank you for the useful information.

[@ChefSuganthan]

You just awesome brother 😊 Really proud of u

[@elangoyk]

Can you make a video about the cumbersome process for NRI to invest in direct mutual funds? I had to create accounts with several fund houses so managing the investments is not easy. I wish there is a app like Groww or Zerodha for NRI as well.

[@criticaltechbala7575]

Amazing video sir , best thumbnail , and best video quality and edit,

[@MrH-lv5bp]

Thanks for your knowledge sharing videos..👍👍 looking your video about tax slab and procedure for homemaker income from STCG + F&O + Dividends Expecting Total dividend income will be 15k to 20k for FY 2024-25 No other income... Thanks

[@joseph_vjvengi1539]

Broo sip la calculator la 5000 calculate panna 3 yrs ku 7 laks return nu show aguthu Athu confirm ah antha amount kidaikuma ila antha day la irka percentage ah poruthu tha namaku amount return kidaikuma Oru vedio ah podunga

[@hopegood-jl9rx]

Na housewife yenoda husband foreign la work pandranga.. Aunga yenaku anupura amount lendhu na SIP pota na income tax katanuma.. Or yenoda transaction yelathukume na tax pay pananuma

[@powlinrithik21]

Same doubt 😅

[@finance.boosan]

SIP investments do not require tax payments upfront. Taxes are only applicable on the profits when you withdraw the funds.

[@hopegood-jl9rx]

@@finance.boosan romba thanks bro.. But idha oru video la neenga clarify pani sona inum nalarukum..

[@KeerthiPrakash-ff6zg]

Bro I am paying tax in sg ...still I need to pay tax on home country ...

[@ramachandranboominathan2010]

Hi Bro Term insurance gst waiver option if I opt as NRI then after 2 years If I moved to India permanently. Should premium will increase? In this case which option is better either take gst waiver or without gst waiver?

[@GuitSiva]

Wonderful Boosan.. 👏 Well defined and shared most of one's doubts on this NRI aspects dude.. 👌 Thanks 🙏 Warm cheers 😘 Vaazhga Valamudan 🙏

[@gokulkrishnan1808_]

yarukachu ennom detailed information venumna income tax act chapter 2 residential status paruga pa

[@laxmanan.r3153]

Thanks

[@SKVHappyHome]

@Finance.Boosan - Great Information. Thanks for wonderful videos series on NRI :-)

[@vinodv182]

What should i do if i go back to india and become an resident there, does the insurance, Bank ac and Demat can be reversed to SB ??

[@elesreeramglobal]

Hi bro, I am an NRE account holder and do not have any sources of income in India, therefore I am not required to pay income tax or file returns. Please provide me with your advice. Thank you in advance.

[@rehmath397]

No need i think

[@jaganedu]

If my understanding is correct we cannot claim for tax deducted on stock capital gain based on the exemption limit.. only Nro interest tds, divided tds or insurances can be claimed

[@S-a-b-avicky]

Much awaited video for me

[@YaseensPov]

Hello, one small doubt can you please clarify. If i transfer the funds to NRO account being a NRI , still I’m i applicable to pay tax ?

[@sureshp5876]

சார் வணக்கம் சார் நான் வந்து ஒரு மியூச்சுவல் ஃபண்ட் டிஸ்ட்ரிபியூட்டர் சார் இப்பதான் ஜஸ்ட் பாஸ் பண்ணி ஒரு வாரம் ஆகுது சார் என் ஜி ஹெல்த் அப்படிங்கிற இன்வெஸ்ட்மெண்ட் கம்பெனில சப் புரோக்கர் கனெக்ட் பண்ணி இருக்கேன் சார் டைரக்டா ஏயும் சில பண்றதுக்கும் இவங்க மூலமா பண்றதுக்கு என்ன டிஃபரண்ட் ஏதாவது இன்வெஸ்ட்மெண்ட் ஏதாவது பிரச்சனையா இல்ல நமக்கு வர கமிஷன் ஏதாவது அவங்க பிடிப்பார்களா இல்ல நமக்கு தமக்கு ஏதாவது பிரச்சனையா கொஞ்சம் தெளிவா சொன்னீங்கன்னா நல்லா இருக்கும்

[@ramakrishnanm582]

Hi Boosan , Thanks for your videos related to personal finance , assessment year 24-25 defaulted new regime where we can't show our liability 80c other deduction while I'm filing ITR

[@NarutoUzumaki-o7h]

Bro Nri a iruntha NRE account mattum pothuma for investing in sip mutual funds and stocks

[@chidambarama1075]

Boosan I think we need to pay taxes for dividends even it is less than 10000 also, which will not be exempted or deducted, can you confirm on this and do a video for this for an NRI

[@Raha729]

Please do a video on lumpsum sip vs monthly sip and also do a video on swp

[@kasiv3705]

For the dividends and MF sale for NRI , TDS is deducted but other than which no income in India. How to get a refund or is it not possible to get any refund can explain bro ?

[@jeemje4296]

Is it possible to change rupees to dollar from NRO account after 10 years?

[@Sv-ry9lj]

But you will have to declare tax free income in India in your Australian income. Specific to Australia, DTA share data

[@gopicgk143]

Can you share about PIS account(NRE) and non PIS account (NRO)

[@s46004]

NRI Dividend is taxted at 20% . If our income from India is less than 3 lakhs can we get refund that dividend tax or not Broo…

[@T-KiranMP]

Need a video on fake ITR deduction and it’s penalties

[@rajamuruganmurugan5769]

Hi Brother, am NRI person, I know if am opening new demat account NRI charges should be high. Can I open demat account using my spouse name?

[@NagendranStar]

🎉 super bro

[@shreekanthjayachandran5576]

Hello Brother, FD interest and regular interest in NRO accounts are less than 2.5 L per year (TDS deducted automatically). If I file ITR, will I get the TDS amount back? Thanks in advance for the reply.

[@khaleel26dubai]

Hi, is there special rate of tax on dividends for NRI? Or it will fall under the normal slab of 2.5 lakhs?

[@Raha729]

Bro monthly sip la solli thareenga okay sip um potudrom vachikonga Namma monthly monthly pay panrom evlo growth agirku returns oda athella enga epdi check panrathu solli video podunga

[@ganesansidhan8607]

Hi Boosan, what will happen if NRI not able to convert Savings Account to NRI account and Demat account?

[@vincenttrichy]

pls make more video for NRI.

[@KrishnaPrasad-vo4xx]

Hi I created a demat account through grow app in 2016 at that time I was working in chennai but from 2018 I moved to abroad but still am continuing that account as resident Indian status as grow don’t have an option to change status Am doing SIP on it Will it be a my problem while withdrawing after 20years May be at that time I may come back to India and settle back there itself then again am resident of Indian right Could you please advise what should I do Am confused I asked few guys they also don’t have clear idea about it Can I open a new account with any other broker with NRI status and start a New Sip ? Please advise 🙏🙏🙏 Please reply Your answer will be much helpful for me Thanks

[@prasadrs100]

Hi, What if we periodically transfer money to parents' accounts using transfer services like wise? Will parents should explain how they got this money even if they are not working.

[@mohamedmohiudeenmarecar581]

Hello boosan I am 23 years old , I living in abroad i planing to settle here after my marriage but everytime you say term insurance and medical insurance compulsory we need now I confused to buy term insurance and medical insurance in India

[@anxavi8269]

Bro, any video for foreign investment?

[@arunselvaraju6141]

Are OCI holders considered as NRIs for taxation?

[@chinnaadurai4193]

Thanks 🙏

[@thambaiyahpitchai9081]

Thank you bro

[@janij846]

Veey informative as usuall.Thanks....The efilling portal is not working in Ireland.How to file ITR then ??have anyone facing the same

[@mugusrini1180]

Hi Boosan, Thanks so much for this video, I've a doubt regarding Mutual funds , I've started an SIP on index funds via paytm app when I was in India, for the past 1 year I'm in NRI category, do I need to make any updates/changes to my SIP investment account? Please advise. Thanks in advance

[@mahej05]

how about if I invest in mutual fund via NRE account? how to file ITR?

[@mohandassmunuswamy80]

Helpful video

[@SenthilKumar-ps9ld]

Hi bro, i have invested canara HSBC life insurance ULIP policy and simultaneously investing in mutual funds using grow app . Here my doubt is there any problem because ULIP also investing in stocks/mutual fund

[@ash4u718]

Anna SWP tax's and working pathi full explanation video podunga na 🎉

[@Karthigeyan1501]

Hi Boosan, TYSM for yet another insightful video. Can you please tell us which form to select - ITR 1 or 2 or 3 if NRIs have only bank interest and stock dividends as the only income?

[@finance.boosan]

As far as i know it is ITR2

[@Habeebworld]

Hi mr.boosan. i am a NRI now. I am investing in indian stock market through my india saving account for investing in stock and mutual funds. So what should i do now ? Can i change my same account to NRO ? or what else pls advise. Will be appreciated thanks. I am transferring fund from my NRI account to saving account. Then i am investing FYI

[@sreeramdhas]

It is taxable income Only becz NRO account is basically savings account with Other currency deposit .. Onlymoney inside NRI account is tax not applicable

[@sreeramdhas]

Demand account always connect to NRO or saving account only .. so always taxable if you make profit in Share market

[@sanjair5882]

hey boosan, a small request can you add subtitles for you old videos atleast to the ones which are popular it would be really helpfull

[@finance.boosan]

Yes, I'm adding subtitles to most of them. Could you please share which videos you think should have subtitles but currently don't?

[@Raha729]

Bro I am housewife want to learn mutual fund evlo video ennanamo pathuta epdi Crct ah fund select panni invest panranae therla please can you guide me please help pannunga bro

[@mohamedrafishamsudeen2671]

Bro if we do SWP will it be accounted as withdrawal..?! Taxation applies on it..?

[@MBABLOGESHS]

Very useful

[@balasubramanianmp9030]

Bro, Old regime and New regime is only for people working in india and not for NRI and for NRI we need to pay tax even for one rupee Please clarify

[@jaganedu]

Hi Boosan I am continuing my ppf after become an nri akmce the account opened when i was a resident... In this case M i elgible for Sec80c

[@S.P.M.-wn7bh]

Nri can collect TCS from vendors ?

[@Sirajinisa-n7f]

Hi brother.. Please make clarification about NRI intraday trading.. As per rules buy today sell tomorrow(BTST) is not alllowed for NRI. If i want to buy a stock and hold it for short time but my stop loss has got hit on the same day what will happen next? Pls clarify about this scenario.thank you

[@Reegan1906]

Bro, can you suggest me 5 ELSS funds for the long term (20 yrs?

[@Sandy-rq7be]

Bro… how to change an already active MF sip from app to direct Amc website ?

[@itsajesh4837]

Seafarers ku eppudi tax file pannanum nu konjam explain pannunga brother.

[@SkullGamer007]

Ethuku dha bro wait pannitu iruken va thala va thala

[@arunumapathy]

Hi bro, i wanna to start some investment for my boy child. Small small only i can do, can you suggest me some ideas?

[@srikanthv8108]

Hello Booshan, Actually I tried to reach you via your website and mail. It's been a week now and waiting for your revert.

[@vbprashad7483]

Hi Bro, useful video OCI card holder staying in India and working in other country , Should they declare the earning In India from the other country??? Thanks

[@Sv-ry9lj]

Great question. Yes. Even though it’s tax free you will have to declare in your home country and pay taxes. 😢 this is especially hard if India has double taxation treaty because they share data with each other it has started to show in my Australian tax details that I have foreign income so that is taxed as well. Same for US I believe. Correct me if I am wrong

[@nandhajc2737]

#BSNL

[@rajparthiban]

Hi Boosan..Amazing and very needed videos..Thank you so much..I have two questions. I am a NRI for short term (1.5 Yrs) 1. I have switched 13L from MF Regular plan to Direct plan. Is this switching amount taxable? 2. I am transfering Money from my NRE AC to my another Saving bank AC and investing in my ongoing MF SIP & Lumpsum. Is this illegal? YOUR ADVISE IS VERY MUCH APPRECIATED🙏

[@finance.boosan]

1. Switching is treated as a redemption from the regular scheme and a new investment in the direct scheme for tax purposes. Redeeming units from a regular mutual fund scheme incurs capital gains tax. 2. NRIs aren't allowed to keep their savings account; it must be converted into an NRO account to be legally compliant.

[@rajparthiban]

@@finance.boosan thank you...I will do as you advised..🙏

[@kannankumar8167]

I get profit Equity short time around 1.30 Lakh but My CA told me I need pay tax for 15% for short time capital gain tax. Because NRI not applicable for any tax exemption for equity.. its correct?

[@finance.boosan]

For STCG, there is no tax exemption. Only LTCG has an exemption of ₹1 lakh, applicable to both NRIs and residents.

[@deepikaduvuru2958]

If the NRO interest is less than 3L, then all the TDS deducted have to be refunded during ITR filing ?

[@Sv-ry9lj]

Correct !

[@wilsons1676]

Hii Boosan Bro, This video very helpful, I have one doubt, I'm transfer money from my NRE account to my parents or spouse for my family maintenance. That money considering their income or not. Or any limit for family transfer. Please clarify....

[@mainathannagarajan6102]

not considered as income of them

[@raekerrigan3369]

How about nri dependants. Can they have account if they are not in india

[@finance.boosan]

Are they NRIs or residents ?

[@raekerrigan3369]

@@finance.boosan nri

[@make_love_forever]

ஒரு நபர் எத்தனை sip போடலாம்

[@anandanthony4319]

Bro, how to get term insurance for NRI. What is the procedure

[@Sv-ry9lj]

You can only take when you visit India. Legally can’t be obtainable from overseas.

[@singaravelantamilarasan9830]

Hi bro , I’m trying to book a 1:1 session with you but I couldn’t and is that possible to have the session with you ? So I can relax after that 😊

[@finance.boosan]

Hello Singaravelan, I've sent you an email

[@ajayprasad9919]

Anna❤ expected 🙏

[@yuvanprakash2069]

ELSS

[@prapasir5935]

Bro na ungala parkkanum

[@prapasir5935]

Bro nan unga la parkanum plss

[@KameshPraveen-wq8ji]

Thank you so much bro ❤️🙏 , for the clarification Kindly🙏 make more videos about NRI And please make an NRI penalties if not follow rules like not changing saving acc, NRO demat account etc...

[@prapasir5935]

Bro na ungala parkkanum