I have received IT notices on my NRE deposits. We don't need to declare NRE deposits and interest on those as NRE deposits are tax free as per the IT law. It's shame that IT depart doesn't know this basic law....We are scaring to invest in India because of these incidents...
Good video. Useful for many. I think you would have to cover whoever already invested in India and later moved as an NRI. What will happen to existing investment if we try to follow the same
Tons of thanks. I have spent several times 1000rs online and whenever went to India third party many thousands. Never worked. Your insights into the details you gave made me to update my NRI status online especially citizenship and country of resident. I cant explain how much your video was helpful... tons of thanks again.
Very informative Sai garu, Thank you so much to make this video and bring us to people like me. not all NRIs have citizenship with the countries they are working and few may come to home country after few years. Including such NRIs should also make their PAN change to Non resident? If Yes, they should again change it to resident once moved to India? If yes, is it the same process to make changes?
Thank you for your information sir. Even though you know that for this NRI related video may get less viewership, but even then you took interest and made a video. Thank you again Sai gaaru - from Thailand
Sai garu, thanks a lot for your efforts. Good information. can you please detaile the process to convert NRI investments to local investments. Thank you very much.
Great work, Sai Garu, and your team! I appreciate your unbiased views on stocks and enjoy all your content. I'm based in Canada and have shared the video with approximately 400 Telugu members in one of our groups. I believe many in the group will benefit from watching it. Thank you very much!
Sai garu.. I use to follow your money purse and sai pathri talks channel ... And learnt so many things from your channel.. Thanks for educating us through your valuable content.. my suggestion/idea is like why can't upload NRI content weekly once instead of random.. like how you upload every Tuesday and Thursday with business case studies.. just my thoughts. Once again Thanks for educating us ..
@moneypurse - while submitting grievances it is only asking for change of citizenship flag. my citizenship is still an Indian but my residential status is not Indian. How can we proceed in this type os situation ? If I am still an Indian citizen do we still need to update ?
Good Day Sai Garu…. What about people who work in Merchant Navy… I maintain NRE status by staying 6 months out of India in every financial year. How does it work???? Kindly advise. TIA
I have linked Adhar with PAN in India and moved USA and investing in mutual funds. Do I still need to convert the PAN because my adhar is already linked with PAN
Good job Sai. Please do a video for US citizens and US Permanent Residents who want to invest in indian stock market. IRS valla PFIC gurinchi explain cheyyandi. We are USC and if we invest in Mutual Funds, ETS or ULIPs we will be taxed on unrealized gains which is ridiculous. The only exception is if we invest into stocks we pay cap gains on realized gains.
As a US NRI we don't have much options in mutual funds... We have only few fund houses to invest but I'm in parag parikh flexi cap from past 5 years and generated good wealth... Recently a good news is Quant mutual funds are accepting US NRI's and that's welcoming.... Stock investing is still a complex issue having PIS / Non-PIS account but thanks to Zerodha they were atleast helping in streamlining the process and guiding through out the account opening process.
Hi Sai garu, Thanks for sharing the helpful information for NRIs. Can you make a video about transferring pension funds (acquired from working abroad) from the UK (or any other country) to India? I heard there is an option called QROPS but there is no detailed process on how to do this online. Thanks.
Hi brother - I have started mutual funds in ET money app with my saving accounts in India now i am in Dubai - do I need to change my investment app to NRi account ?
Referring at 6.54…What if we still carry Indian passport, NRI not acquired overseas citizenship yet.. in such case do we still change citizenship status in PAN?
@Moneypurse Sai garu and team, really great work and fantastic contributions. While submitting the AO greivance, If you can talk more details like where to download attachment forms including 16/16A, challan etc., it would be super helpful. Thanks in advance!
Hi Sai garu, I am US NRI. currently holding acct with Zerodha. status not updated yet. once the status is updated on pancard, is there any broker /app which you can suggest. Zerodha , groww are not supporting USNRI any more. Tried to contact SBNRI but service is very poor. Apart from investing directly on AMC website, is there any broker/app where i can continue investing in stocks and mf. also what happens to existing investments after status change to NRI? please help.
Hi @MoneyPurse team, what if my Aadhar card is linked to PAN card already, then do i need to still submit the Grievances ? Will changing the status in the incometax profile not enough? Thank you
Namaste sir mi videos chala baguntai one small doubt sir nenu 2018 nundi monthly 600 sip in blue chip sbi kadutunanu ippatiki 50000 undochhu idi konasagichala leda close chesi antara pls reply me sir
Hi Sai Garu my name Venkat Dubai , I am sharing recent MF INFRA VIDEO because my friend from kerala they understand English&hindi my friends also like your videos
What about Indian Origin foreign citizens (OCIs) living in India? They became residents after 6 months stay in India. What rules and regulations apply to them? Many have ancestral properties and investments here. Please make a video on them. Your channel provides excellent content, keep it up!
I don't OCI becomes Indian citizen after 6 months stay. Yes, they may become eligible for Indian Citizen. So , OCI becomes citizen only after the successful completion of the application
@@Amarnath0880 There is a difference between being resident of India and being a citizen of India. After living in India for 6 months, an OCI holder becomes a resident; not a citizen. They can still retain their foreign citizenship and live in India as resident Overseas Citizen of India (OCI). I was asking rules and regulations for OCIs .
Hi Brother, I am an NRI, but I give online consultancy to an Indian company and I get a commission in my NRO local India account, they deduct TDS also, am I safe from Tax regulations or anything need to take care of it. Thanks
Hi Sai Anna, I am from UK. I have updated my pan status in Income tax portal however i haven’t sent any mail for AO. But during my recent visit to India, i have approached KrA office and changed my status to NRI to make sure my investments are on track. Is this enough to update my PAN or i still need to send a mail to AO?
I have done this and have been waiting since a Jun 2023, and my respective AO is not responding, not sure if he is even checking his email to take any actions. to Convert my PAN to NRI status
Thank you @sai garu for making video for NRI’s waiting from long time Banking guidelines and investment for NRI’s video cheyandi sai garu If we have US born kids do they eligible for any kind of investments or are they eligible for any Nominee or beneficiaries
Thank you, MoneyPurse. Already invest chesi vere country ki velli investments continue cheyakunna kuda PAN lo NRI status update cheyala?? Kindly confirm?? Thanks again!
Hi Sai Garu watchingfrom Kuwait, Thank you for you and your team for providing valuable information❤. Please can you make 1 more extended video on our NRI QUERIES. please consider my queries also😂. 1. I'm holding stocks and mutual funds in Groww account as a resident of India and also holding mutual funds in MFU platform as an NRI. In this case if I want to transfer Groww funds to MFU Platform, what are the possibilities to change. 2. If NRI becomes OCI holder, than is there any problem to hold mutual funds as OCI holder with the same nri funds. Please guide us. I hope atleast this time you will pick my queries.
Sir , i am a US citizen staying in india for last 10 years - currently working in india - can i invest in stock market or mutual funds with the money i earned in india- please clarify
Hi Sai Gaaru and MP Team, Thanks a ton for all your efforts.. Iam living in states from last 5 years and investing on equity here in India.. My Pan (Resident) and Aadhar are already linked.. nenu ikkada tax filing kuda chestunnanu on yearly basis.. Should i still change my pan status to nri? Or leave it as is?
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It takes lot of time for us to open Demat account as NRI.
Thank you. Mp team and sai garu🎉🎉🎉.following from UK
@@pradeep7091yes...even tax 30%...day trading not allowed
yes very true but it is the right way, otherwise you can open the demat account once you are in India andi
Sir i am Radha... Kuwait work chestunnanu...
I have received IT notices on my NRE deposits. We don't need to declare NRE deposits and interest on those as NRE deposits are tax free as per the IT law. It's shame that IT depart doesn't know this basic law....We are scaring to invest in India because of these incidents...
Tell them to fold it and shove it where sun doesn’t shine
@@michaelscarn4133😂😂😂😂
NRO account earnings are not required to declare but NRE need to be declared
Good video. Useful for many. I think you would have to cover whoever already invested in India and later moved as an NRI. What will happen to existing investment if we try to follow the same
Hi Andi Thank you For ur Valuable Information-- Pradeep from UK
Good evening sir, I am NRI and follow your channel since day 1.thanks for your efforts and giving such education.
Welcome andi, Please do share it with your NRI friends and Family.
Tons of thanks. I have spent several times 1000rs online and whenever went to India third party many thousands. Never worked. Your insights into the details you gave made me to update my NRI status online especially citizenship and country of resident. I cant explain how much your video was helpful... tons of thanks again.
Very informative Sai garu, Thank you so much to make this video and bring us to people like me.
not all NRIs have citizenship with the countries they are working and few may come to home country after few years. Including such NRIs should also make their PAN change to Non resident?
If Yes, they should again change it to resident once moved to India?
If yes, is it the same process to make changes?
Nice Sai Garu, what needs to upload for challan copy, order copy from dept, other documents?
Thank you for your information sir. Even though you know that for this NRI related video may get less viewership, but even then you took interest and made a video. Thank you again Sai gaaru - from Thailand
Most welcome
Good vedio & educated vedio.
Watching from Dubai.. Thanks money purse team.. You guys are the best 😊
Thank you andi
Super video which helps NRIs
Very good information for NRIs and their Indian Family members.
Hello sir, I live in Italy. Can I invest in us stocks from Indian brokerage apps by using VPNs. I need your suggestions.
Thanks Sai & team, I’m following you channel form 2020, now I’m the NRI struggling to get this info to change my account this is very helpful
All the best
Can you make a video OCI Card holders and their rights, is this regulations effects anything for OCI Holders.
Please suggest any good investment plans
Sai garu, thanks a lot for your efforts. Good information. can you please detaile the process to convert NRI investments to local investments. Thank you very much.
NRI investment plans and problems video more cheyandii
Thank you so much for the information! Please help us with more NRI related information.
Great work, Sai Garu, and your team! I appreciate your unbiased views on stocks and enjoy all your content. I'm based in Canada and have shared the video with approximately 400 Telugu members in one of our groups. I believe many in the group will benefit from watching it. Thank you very much!
Hello sir, I have kuwait residency& this is totally tax free country still do I need to change ipv flag?
Can you please reply me? Many thanks
Sai garu very help full video thank you andi.
Narasimhacharya from canada
watching from Germany. Thanks for Info
Welcome, Please do share it with your NRI friends and Family.
I am also watching from Germany 😊 Thanks for Info
If my PAN and Aadhar is linked, do i still need to do the first part i.e changing the PAN status?
Even I have the same question, did you get an answer for the above question bro?
Hi sir , I have bought some stocks through Zerodha when I am in USA., what should I do now to correct them
Great 🎉
Sai garu.. I use to follow your money purse and sai pathri talks channel ... And learnt so many things from your channel.. Thanks for educating us through your valuable content.. my suggestion/idea is like why can't upload NRI content weekly once instead of random.. like how you upload every Tuesday and Thursday with business case studies.. just my thoughts. Once again Thanks for educating us ..
Good Evening 🌜🌜🌜🌜🌜 Sooooooooo Super Informational Video 👌👌👌👌👌👌👌👌 ThankYou So Much SaiSir And MP Team 🙏🙏🙏🙏🙏🙏🙏🙏
Good Evening andi
@moneypurse - while submitting grievances it is only asking for change of citizenship flag. my citizenship is still an Indian but my residential status is not Indian. How can we proceed in this type os situation ? If I am still an Indian citizen do we still need to update ?
Watching from Germany i forwarded your videos to my friends as well Sai garu.
So nice of you andi
Good Day Sai Garu….
What about people who work in Merchant Navy…
I maintain NRE status by staying 6 months out of India in every financial year.
How does it work????
Kindly advise. TIA
Which year India introduced nro/nre accounts?
I have linked Adhar with PAN in India and moved USA and investing in mutual funds. Do I still need to convert the PAN because my adhar is already linked with PAN
Bro, did you receive any answer for this question?
Even I have the same question
Sai Garu ,As an NRI Can we transfer Shares/MF's to family memebers those wo are living in india.?
Sai Krishna garu, can you please create more videos for NRI investors and latest regulations related to KYC and investments
Very helpful video!! Thanks team….
Most welcome
Thank you so much sir very good information.
Good job Sai. Please do a video for US citizens and US Permanent Residents who want to invest in indian stock market. IRS valla PFIC gurinchi explain cheyyandi. We are USC and if we invest in Mutual Funds, ETS or ULIPs we will be taxed on unrealized gains which is ridiculous. The only exception is if we invest into stocks we pay cap gains on realized gains.
As a US NRI we don't have much options in mutual funds... We have only few fund houses to invest but I'm in parag parikh flexi cap from past 5 years and generated good wealth... Recently a good news is Quant mutual funds are accepting US NRI's and that's welcoming.... Stock investing is still a complex issue having PIS / Non-PIS account but thanks to Zerodha they were atleast helping in streamlining the process and guiding through out the account opening process.
What special is Zerodha doing?
thanks a lot for the fantastic video, this helps us a lot!
You're very welcome!
Hi Sai garu, Thanks for sharing the helpful information for NRIs.
Can you make a video about transferring pension funds (acquired from working abroad) from the UK (or any other country) to India? I heard there is an option called QROPS but there is no detailed process on how to do this online. Thanks.
Can one still buy term insurance even after becoming citizen of other country but still has status OCI?
Please make more videos on NRI INVESTING
Hi brother - I have started mutual funds in ET money app with my saving accounts in India now i am in Dubai - do I need to change my investment app to NRi account ?
Nice info Sai garu😊
Thanks Sai Garu..
Most welcome
sir can you explain what are list of attachments to be upload while converting pan to nri where do we get challan?
Hello Moneypurse team, does it mean that the NRI’s who have already linked their pan with aadhar do not affect by these restrictions?
Though the PAN & Aadhaar are linked, to transact with NEW AMCs where you don't have Folios, Your KYC must be validated
Referring at 6.54…What if we still carry Indian passport, NRI not acquired overseas citizenship yet.. in such case do we still change citizenship status in PAN?
If Aadhar is linked to pan incase of NRI,then also is it mandatory to update NRI status
@Moneypurse
Sai garu and team, really great work and fantastic contributions. While submitting the AO greivance, If you can talk more details like where to download attachment forms including 16/16A, challan etc., it would be super helpful. Thanks in advance!
Watching from kuwait sai garu.
Very useful information.
Waiting for Saturday video and nice video. ❤
So nice of you andi
Hi Sai garu, I am US NRI. currently holding acct with Zerodha. status not updated yet. once the status is updated on pancard, is there any broker /app which you can suggest. Zerodha , groww are not supporting USNRI any more. Tried to contact SBNRI but service is very poor. Apart from investing directly on AMC website, is there any broker/app where i can continue investing in stocks and mf. also what happens to existing investments after status change to NRI? please help.
Hi @MoneyPurse team, what if my Aadhar card is linked to PAN card already, then do i need to still submit the Grievances ? Will changing the status in the incometax profile not enough? Thank you
I too have same doubt
Same doubt
Hello, Need consultation appointment, for financial advice
Good evening MoneyPurse Team
Thank you so much Sai Garu💐💐
Upto 1:47 daka Sodhi, come to point directly
Namaste sir mi videos chala baguntai one small doubt sir nenu 2018 nundi monthly 600 sip in blue chip sbi kadutunanu ippatiki 50000 undochhu idi konasagichala leda close chesi antara pls reply me sir
Thanks for your efforts Sai gaarau ❤❤❤❤
Most Welcome andi
Thanks for the video sir. There are lot of gaps in your video. Please check the comments and give reply.
Hi Sai Garu my name Venkat Dubai , I am sharing recent MF INFRA VIDEO because my friend from kerala they understand English&hindi my friends also like your videos
Sai garu
Very helpful this information
Tq
Most welcome
What about Indian Origin foreign citizens (OCIs) living in India? They became residents after 6 months stay in India. What rules and regulations apply to them? Many have ancestral properties and investments here. Please make a video on them.
Your channel provides excellent content, keep it up!
I don't OCI becomes Indian citizen after 6 months stay. Yes, they may become eligible for Indian Citizen. So , OCI becomes citizen only after the successful completion of the application
@@Amarnath0880 There is a difference between being resident of India and being a citizen of India. After living in India for 6 months, an OCI holder becomes a resident; not a citizen. They can still retain their foreign citizenship and live in India as resident Overseas Citizen of India (OCI). I was asking rules and regulations for OCIs
.
very informative thank u sai garu
Hi Brother, I am an NRI, but I give online consultancy to an Indian company and I get a commission in my NRO local India account, they deduct TDS also, am I safe from Tax regulations or anything need to take care of it. Thanks
I am in Canada …I can invest Indian money without any extra charge right? …
Thank you Sai garu.. from Netherlands ❤
Most welcome
Im NRI and my PAN n Aadhar are linked and active. Do i need to do all these?
Sai garu ... what about NRIs for whom PAN and Aadhar are linked
You can validate the KYC by uploading the Masked Aadhaar, by clicking the Validate link of the KRA where ever your KYC is registered
What if we are in NRI status but still indian citizen. This is more important. Please tell us.
Hi Sai Anna, I am from UK. I have updated my pan status in Income tax portal however i haven’t sent any mail for AO. But during my recent visit to India, i have approached KrA office and changed my status to NRI to make sure my investments are on track. Is this enough to update my PAN or i still need to send a mail to AO?
Good Job sai garu
Hi Sai garu,evarina Indian vere citizenship teesukuni malli India ki vachi work cheste ,malli pan resident laaga update cheyala?
I have done this and have been waiting since a Jun 2023, and my respective AO is not responding, not sure if he is even checking his email to take any actions. to Convert my PAN to NRI status
us banking stocks r under valued ? Can we invest
Have you seen the history?
Good👍
Hi Saigaru, what’s the best way to get in touch with you . I am planning to invest some money and need your guidance / services .
Thank you @sai garu for making video for NRI’s waiting from long time
Banking guidelines and investment for NRI’s video cheyandi sai garu
If we have US born kids do they eligible for any kind of investments or are they eligible for any Nominee or beneficiaries
Yes, eligible
India has complicated restrictions for NRIs. Investing outside India is much simpler. I end up doing KYCs every 2 years and it is a headache.
Sir, i update my kyc to non-resident but my kyc is on hold saying Aadhar XML invalid, what does it mean ?
Right vedio for me
Thank u anna for valuable information lots help on nris
Most welcome
Hi Anna,
Anna epud manam malli return india lo vallipotha after 10 years, so vallu kuda change chyala anna?
Excellent video for NRIs
Bro.. I see taxes in my term insurance policy premium but you are saying no GST for NRIS?
Hi sir, thanks for details.. one question : If NRI comes back to india, can you please explain the process to change status back from nri to indian
The same process applies, and most of the things can be done while filing the IT Returns and getting the status updated
Thank you brother
Most welcome
Hi Sir,
Is the procedure same for NRIs who already linked Aadhar and PAN?
those NRIs who have Linked their PAN with Aadhaar, has to get their KYC Validated
I dont know why my PAN card says invalid. I have lived in the UK for almost three years now.
Thank you, MoneyPurse. Already invest chesi vere country ki velli investments continue cheyakunna kuda PAN lo NRI status update cheyala?? Kindly confirm?? Thanks again!
If you have no thoughts of investing further then you can leave it like that, which is not advisable though
Hi Sai Garu watchingfrom Kuwait, Thank you for you and your team for providing valuable information❤.
Please can you make 1 more extended video on our NRI QUERIES. please consider my queries also😂.
1. I'm holding stocks and mutual funds in Groww account as a resident of India and also holding mutual funds in MFU platform as an NRI. In this case if I want to transfer Groww funds to MFU Platform, what are the possibilities to change.
2. If NRI becomes OCI holder, than is there any problem to hold mutual funds as OCI holder with the same nri funds. Please guide us. I hope atleast this time you will pick my queries.
Good information
Sai gaaru, Iam Gulf residential I can't ekyc from online, please inform process.
Yes anna nenu Europe lo untanu nenu kada investment start chasanu good information ❤
Please do watch and share it with your NRI friends, Thank you.
Yes anna
How ela bro nenu canada lo vunnta naku mutual founds lo investment cheyali ela
Sir , i am a US citizen staying in india for last 10 years - currently working in india - can i invest in stock market or mutual funds with the money i earned in india- please clarify
Thank you so much for sai anna team wachting from Kuwait 🇰🇼 ❤
Most welcome
Hi Sai Gaaru and MP Team, Thanks a ton for all your efforts..
Iam living in states from last 5 years and investing on equity here in India.. My Pan (Resident) and Aadhar are already linked.. nenu ikkada tax filing kuda chestunnanu on yearly basis.. Should i still change my pan status to nri? Or leave it as is?
Yes, you need to,,,
Thank you Anna
Most welcome
I am NRI now,Is there any issue with mutual funds and stocks..