NRI Guide 2014-2015 Ver 4.00



NRI Guide 2014  (Ver 4.00)

(A Comprehensive Guide for Indians residing outside India)


This Free NRI guide has been compiled with the help of information available on official website of various government departments like Reserve Bank of India, Income Tax Department, various State Governments, Department of Oversea Affairs, Ministry of Home Affairs, SEBI, and other reliable website  sources. I have taken adequate care to provide current and authentic information. This NRI Guide is intended to serve as a ready reference book to   guide NRIs on various subjects such as tax, finance, investements, savings, customs duty and other relevant subjects. This does not purport to be a legal document. So I am not sure that, any errors occurred while compiling this reference guide. In case of any variation between what has been stated in this NRI Guide and the relevant Act, Rules, Regulations, Policy Statements, Government Orders/Circulars etc., the latter shall prevail. Kindly note that, rules related to NRIs and tax,customs duty  etc.,are subject to change. Errors and omissions are expected.   

This free e-book is circulated  with the understanding that, neither the author nor the publisher will be responsible for any action taken on the basis of contents of this book whether directly or indirectly for any error or omission to any person whether a user of this e-book or not. The persons willing to accept this disclaimer only required to read this e-book. Please consult a Financial Planner or an expert in the relevant subject and take his/her advice before acting on any contents in this guide.

Before making any decisions do consult your Professional / tax/Legal advisor.  Author/ does not take any responsibility for misrepresentation or interpretation of act or rules. Neither the author nor the publisher accepts any liability neither for the loss or damage of any kind arising out of information in this document nor for any action taken in reliance there on.

  Prakash Nair         

Date:  31-July-2014

The greatest reward the author can get the feedback good or bad from the readers.  Any suggestions for improvement are most welcome. In case I missed some important information or provided wrong information, please let me know.    

Your suggestions, comments, criticism may send to      The decision whether to reply to any query or not lies with the Author


  NRI GUIDE 2014-2015 (Ver 4.00)   
  please click the relevant links below to read more 
 Please note that, the details of the IncomeTax amendments proposed in Union Budget 2015 are not
yet included in the NRI Guide 2014-2015.    Readers are  requested to refer the Budget Proposals
posted above for more details
Residential Status 
What is Indian DIASPORA ?
Residential status changes from Resident to Non-Resident
Income Tax Clearance Certificate
Before you leave India to abroad for employment, please ensure to complete the following.
Facilities for Non Resident Indians (NRIs) and Persons of Indian Origin (PIOs)
The General Rules the NRIs should Know
Customs Baggage Rule Guide for NRIs/ International Passengers

Customs Rules - How to carry jewellery abroad & bring them back to India 

Now you are allowed  carry 500  1000 INR notes with you visiting Nepal and Bhutan

Various Types of Bank Accounts - NRIs are permitted to open
Investment Options not permitted for NRIs
National Pension System (NPS) – NRIs are eligible to invest
Restrictions of Investments by NRIs/PIOs residing in US and Canada
NRI’s Investment in immovable Properties
P Notes (Participatory Notes) and NRIs
'Passive Foreign Investment Company - PFIC'
NRI Guide to Incorporate a Company/ Start Business in India
Exchange Earner's Foreign Currency (EEFC) Account

NRI - All about Life Insurance 

Expatriate News 
Currency Convertor 
Handwritten Passports will create problems  after 25th November, 2015

Expand your Initials in Passport - Ministry of External Affairs

Service tax on NRI remittances to India

PIO Cardwith Life long validity - Government Notification 
Pravasi Pension Scheme for Non-Resident Keralites
Fed Oriental Pravasi Insurance
Scholarship Programmes for Diaspora Children 
Direct Admission of Students Abroad (DASA) 2014-15
Information on Reservation for NRIs in Indian Educational Institutions 
Indian Passport 
Budget 2014 Tax Proposals
Expatriates Working Abroad – Tax Provisions
Tax Exemptions from Income Tax available for NRIs
Other Tax Aspects related to NRIs
Foreigners working in India can get one-time tax clearance
Tax Exemption Certificate - Lower or Nil Rate of TDS
Renting out of Property by an NRI in India
Taxability of immovable property received for Inadequate Consideration (Budget 2013)
NRI and Senior Citizen status for Income Tax calculation purposes
Tax Liabilities related to NRIs investments made in Joint basis
Tax Treatment of overseas Financial Assets.
Other Tax Aspects related to NRIs including Immovable Properties
Tax Treatment of selling property abroad
Tax Treatment of Rental Income Earned Abroad
Tax Treatment of Dividend on overseas Investments
Tax treatment Capital Gains – earned abroad
Compulsory filing of Income tax return in relation to assts located outside India irrespective of income
Section 194E of the Act – Tax deduction at source from payment to non-resident entertainer, sports person etc.
Interest on bank deposits - tax treatment
Deduction of interest on capital borrowed for self occupied property being increased to Rs.2,00,000
Differentials in tax treatment between Residents and Non-Residents
General Tax deductions available for NRIs
Tax Deducted at Source related to NRIs – comparison with Resident Indiviudals
FAQ on NRI Taxation Assessment Year 2015-2016
Capital Gain Tax
NRIs guide to deal with inherited property
Wealth Tax implications of NRIs
Guide on filing of Income Tax Returns by NRIs in India
What is Clubbing of Income?
Tax on Gifts – facts need to know
What is Advance Tax?
Double Taxation in India – DTAA (Double Taxation Avoidance Agreement)
Tax Residency Certificate (TRC) for Indian & Non Resident wef 01.04.2013
From 15G & Form 15H - NRIs are not eligible to submit these forms
Know-Your-Customer (KYC) requirements
What is AADHAAR ?
What is a Consumer Court
Overseas Citizenship of India (OCI)
Person of India Origin (PIO) Scheme
Emigration Clearance – Indian and foreign persons
Inheritance Certificate
Important Circulars RBI/CBDT/Customs etc
Indian Missions Abroad
Verification of Visas of Qater and Bahrain
Ministry of Overseas Indian Affairs – important circulars 
Notifications regarding voting rights for NRIs
Right to Information Act 2005
Acquisition of Indian Citizenship (IC)
Employment Guidelines for Emigrants
Liberalised Remittance Scheme
Forex Facilities for Residents (Individuals)
How to apply Dubai Visa online from any country
Saudi Arabia – Procedures of Final Exit 
Air Travel Tips for NRIs
Baggage Insurance Policy
Different Modes of Money Remittance – NRIs
Duty Free Shops
Islamic Funds - Sharia Law and Investment Structures
NRIs properties disputes settlement
How its useful for NRIs to use Power of Attorney (POA) in India
Home Loans for NRIs
International Driving License

Disclaimer: is not providing any investment /legal/tax or financial advice through this website and, does not constitute or is not intended to constitute an offer to buy or sell, or a solicitation to an offer to buy or sell financial products, units, insurance policies or securities. All content and information is provided on an 'As Is' basis by   Information herein is believed to be reliable but  does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied.  and its sponsors or employees, personnel, directors, authors will not be responsible for any direct / indirect loss or liability incurred by the user as a consequence of him or any other person on his behalf taking any investment/tax or any other  decisions based on the contents and information provided on this website. This website is not indented to provide any specific advisory service to meet the requirements of a specific person. Use of this information is at the user's own risk. The user must make his own investment /tax or any other decisions based on his specific investment objective and financial position and using such independent advisors as he believes necessary.  The performance data if any quoted represents past performance and does not guarantee future results. The tax rates, its computation and other data are subject to change and there is no guarantee of timely updation of those date. The data will be updated at the sole description of the  In case you agree our Terms and Conditions, then only you need to use open and use this website. 



Latest Updates
  • Indian expatriates in the Gulf and those intending to go there on work should expand their initials in their ...
  • Taxman turns lens on domestic assets of high net-worth individuals The Income-Tax Department is zeroing in on ...
  • Levy Cheque return charges only if customer is at fault - RBI Circular
Recent Posts
Small Savings Scheme PPF,SCSC, Sukanya Samridhi NSC etc. Revised Interest Rates
Customs Baggage Rule
Budget 2016 Highlights (Direct Tax)
Economic Survey 2015-16
Interest Rates of Small Saving Schemes to be revised on a Quarterly Basis w. e. f 01/ 04 /2016
Government of India extended the last date for applying for conversion of PIO cards to OCI cards to June 30th 2016 from March 31.
Highlights of the Railway Budget 2015-16
Featured Video
  • Keralarealestatesite
  • NRI Guide 2013
  • NRI Guide 2013
  • Financial planning
  • Financialplanng
  • logo