Investment guidance for NRI
This query is : Resolved
19 August 2025
I am a NRI. Kindly guide, 1)for investing in India (stock, MF and others assets), which bank account I should use-NRE or NRO? what would be the tax implications in each case?
2) Can I use India based brokers (such as Zerodha etc.) to invest in foreign bonds/stocks/currency by using my Foreign bank account, or I need to use a foreign broker and foreign bank account for this purpose? What would be my Tax liability in India for such investments outside India?
2) Can I use India based brokers (such as Zerodha etc.) to invest in foreign bonds/stocks/currency by using my Foreign bank account, or I need to use a foreign broker and foreign bank account for this purpose? What would be my Tax liability in India for such investments outside India?
19 August 2025
1. https://primewealth.co.in/nri-tax-guide-nre-transfers-mutual-funds-and-property-sales/
2. https://zerodha.com/varsity/chapter/foreign-stocks-and-taxation/
3. https://www.kotakmf.com/Information/blogs/nri-investment-in-mutual-funds_
2. https://zerodha.com/varsity/chapter/foreign-stocks-and-taxation/
3. https://www.kotakmf.com/Information/blogs/nri-investment-in-mutual-funds_
Message likes :
1 times
19 August 2025
For investments within India (stocks, MFs, etc.), use NRE account for tax-free interest and full repatriation; use NRO for managing India-sourced funds but with tax on interest.
For investments outside India (foreign stocks/bonds), you need a foreign broker and a foreign bank account; such income is not taxed in India as long as you are an NRI.
Utilise DTAA to avoid double taxation on India-based investments.
If you need to optimize your setup or have complex sources of income, consult a cross-border tax professional to ensure compliance with RBI and tax laws in both India and your country of residence.
For investments outside India (foreign stocks/bonds), you need a foreign broker and a foreign bank account; such income is not taxed in India as long as you are an NRI.
Utilise DTAA to avoid double taxation on India-based investments.
If you need to optimize your setup or have complex sources of income, consult a cross-border tax professional to ensure compliance with RBI and tax laws in both India and your country of residence.
Message likes :
1 times
23 September 2025
Good luck....
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Regarding TDS Applicability For Director Remuneration
- Regarding appeal to GSTAT
- Multiple trade mark
- Copyright software
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
