You are 100% correct and that dip can impact overall portfolio significantly! I have taken 20 year average for my calculations. Appreciate your comment. Stay connected. 🙏
Nifty 50 and S&p 500 5 year return seem to be more or less the same but the rupee depreciation gets you much higher return in USA. Also there are various tax benefits of investing in usa if us tax resident.
Great info. How did you find this info? What account do you suggest or use? The account I use in India is not aware about all these regulations and loopholes
One major question for a person moving to India is , if you are in India whole year how will you be eligible to get social security , plus how to withdraw living abroad
Very good question @Raj7321-w6p . To be eligible for social security benefit from USA you must have worked in USA for 10 years, US citizen is not required. If that is true then you are eligible for social security benefit. Please also refer to www.ssa.gov/international/payments.html?tl=0 for more information.
You're doing a fantastic job! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Thank you for appreciating my work. This is a great question as R2I should happen with the right financial strength and it varies from person to person. But try to pay off loans, have a fully paid house, liquid assets more than 6 mo expenses. That's a start.. Hope this helps. Stay connected. 🙏
sir what about when time to sell an property by nri in india needs to pay 23% tax for Indians it is only 1% , and GST on transferring money to overseas , thanks
Hi @nickk3331. 23% TDS is a myth many NRI's have. Yes TDS is deducted but it can be claimed back when you file for tax return in India. I have done this so telling you by experience. Please consult a CA for best clarity. Hope this helps. Thanks so much for your question. 🙏
Gifting the interest may be one way to save on Taxes in your home country. Your tax guy should be able to guide you on this plan. Hope this helps. 🙏 Appreciate you commenting. Stay connected.
मैं OCI holder हू. कूछ साल हुवे अब इंडिया मे राहता हू. मैने सूना है India मे mutual fund मे invest किया तो USA मे टॅक्स फॉर्म भरने दौरान बहुत दिक्कते आती है. कूछ लोग बोलते है MF मे invest करना US Citizen को allowed ही नहीं है. आप को इसके बारे में कूछ जानकारी है?
Sir as an non citizen or OCI holder you can invest in mutual funds in India. The FEMA (Foreign Exchange Management Act) governs NRI investments in India. Regarding mutual fund investments, FEMA allows NRIs and PIOs (Persons of Indian Origin) to invest in such schemes in India. However, you would have to adhere to the FEMA rules to invest. Iske liye best option is to consult a bank that handles NRI accounts and they will do you KYC and also guide on investment options. Please refer to this article: www.idfcfirstbank.com/finfirst-blogs/nri/can-nri-invest-in-mutual-funds#:~:text=Yes%2C%20the%20Foreign%20Exchange%20Management,in%20mind%2C%20as%20an%20NRI. Hope this helps. Thank you so much for your question. Appreciate it. 🙏
As far as my knowledge goes the answer is yes, An Overseas Citizens of India (OCI) cardholders can work in India without a work visa. Hope this helps. 🙏
According to Investopedia average S&P 500 CAGR for 20 years is 8.3%. In any case my thought would be to look have a portion of your portfolio invested in India, not full. www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp www.nerdwallet.com/article/investing/average-stock-market-return Hope this helps. Really appreciate your comment. Stay connected. 🙏
@@myNRILife Thank you, I have many doubts. 1} If I will open NRO account and I am getting 30k as a rent then how much tax should I pay to India or liable ? 2) I invested money in India many years ago as per this person If someone is not in india for 180 days then they do not have to pay any tax ? th-cam.com/users/shortsV7JjomN3tpk?si=MwkFiwAxE-aapFTu
Good information. One observation is that between 2021-2024, Indian Rupee nosedived from ₹74.50 to ₹85.25 incurring a big loss.
You are 100% correct and that dip can impact overall portfolio significantly! I have taken 20 year average for my calculations. Appreciate your comment. Stay connected. 🙏
Nice info..Happy new year to you and your family…
Thankyou so much @rajnisharma9198. Really appreciate your comment. Stay connected. 🙏
Great commentary and very useful
Glad it was helpful! Stay connected. 🙏
Nifty 50 and S&p 500 5 year return seem to be more or less the same but the rupee depreciation gets you much higher return in USA. Also there are various tax benefits of investing in usa if us tax resident.
Most of the NRI only say about the benefits being in India, it's good that you have said about being NRI benefits
thankyou @RupeshG-h7t for appreciating my work. That is the main goal my @mynrilife to provide true picture of both sides. Stay connected.
Great info. How did you find this info? What account do you suggest or use? The account I use in India is not aware about all these regulations and loopholes
I hear you and your 100% right. Not many accountants in India know NRI practices. You can look at changing your accountant.🙏
Yes you are 100% correct and I have experienced
Thanks for sharing ! 🙏🏼🙏🏼
Thanks for information.
One major question for a person moving to India is , if you are in India whole year how will you be eligible to get social security , plus how to withdraw living abroad
Very good question @Raj7321-w6p . To be eligible for social security benefit from USA you must have worked in USA for 10 years, US citizen is not required. If that is true then you are eligible for social security benefit. Please also refer to www.ssa.gov/international/payments.html?tl=0
for more information.
You're doing a fantastic job! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
NiceVediohave to learn 🎉
Thanks you so much. 🙏
Great video sir. At what networth you decided for R2I?
Thank you for appreciating my work. This is a great question as R2I should happen with the right financial strength and it varies from person to person. But try to pay off loans, have a fully paid house, liquid assets more than 6 mo expenses. That's a start.. Hope this helps. Stay connected. 🙏
sir what about when time to sell an property by nri in india needs to pay 23% tax for Indians it is only 1% ,
and GST on transferring money to overseas , thanks
Hi @nickk3331. 23% TDS is a myth many NRI's have. Yes TDS is deducted but it can be claimed back when you file for tax return in India. I have done this so telling you by experience. Please consult a CA for best clarity. Hope this helps. Thanks so much for your question. 🙏
NRE account fd interest, do we have to file as gift on US tax forms? Which form number is it?
Gifting the interest may be one way to save on Taxes in your home country. Your tax guy should be able to guide you on this plan. Hope this helps. 🙏 Appreciate you commenting. Stay connected.
मैं OCI holder हू. कूछ साल हुवे अब इंडिया मे राहता हू. मैने सूना है India मे mutual fund मे invest किया तो USA मे टॅक्स फॉर्म भरने दौरान बहुत दिक्कते आती है. कूछ लोग बोलते है MF मे invest करना US Citizen को allowed ही नहीं है. आप को इसके बारे में कूछ जानकारी है?
Sir as an non citizen or OCI holder you can invest in mutual funds in India. The FEMA (Foreign Exchange Management Act) governs NRI investments in India. Regarding mutual fund investments, FEMA allows NRIs and PIOs (Persons of Indian Origin) to invest in such schemes in India. However, you would have to adhere to the FEMA rules to invest.
Iske liye best option is to consult a bank that handles NRI accounts and they will do you KYC and also guide on investment options.
Please refer to this article:
www.idfcfirstbank.com/finfirst-blogs/nri/can-nri-invest-in-mutual-funds#:~:text=Yes%2C%20the%20Foreign%20Exchange%20Management,in%20mind%2C%20as%20an%20NRI.
Hope this helps. Thank you so much for your question. Appreciate it. 🙏
Hello Sir, do OCI passport holders get IT jobs in India?
As far as my knowledge goes the answer is yes, An Overseas Citizens of India (OCI) cardholders can work in India without a work visa. Hope this helps. 🙏
Stock growth data is incorrect. S&P growth 12% CAGR and NASDAQ 15% CAGR
According to Investopedia average S&P 500 CAGR for 20 years is 8.3%. In any case my thought would be to look have a portion of your portfolio invested in India, not full. www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp
www.nerdwallet.com/article/investing/average-stock-market-return
Hope this helps. Really appreciate your comment. Stay connected. 🙏
kisi ne poorane mutual funds lerakhe aur ab NRI bann gaya tab kya ? why everything is so complicated we have to do PHD first
Hi @pankajverma-xm9qv please share your concern ill try my best to answer. 🙏
@@myNRILife Thank you, I have many doubts.
1} If I will open NRO account and I am getting 30k as a rent then how much tax should I pay to India or liable ?
2) I invested money in India many years ago as per this person If someone is not in india for 180 days then they do not have to pay any tax ?
th-cam.com/users/shortsV7JjomN3tpk?si=MwkFiwAxE-aapFTu