You mentioned that TDS will be deducted while you were talking about NRE account. So do I have to pay taxes on my NRE Demat account or only on NRO demat account? If only for NRO, why will TDS be deducted for NRE account?
Basically NRIs from US or Canada should have PINS account and invest in stocks directly with delivery. No other trading like forex, intraday, mutual funds etc.
For most gulf countries and other countries even if TDS deducted for mutual fund capital gains, we can claim refund through double taxation rule by submitting TRC Tax residency certificate from resident abroad country. In gulf no income tax and also we can get refund of mutual funds capital gains taxes.
Yes, You are correct @musicmode2192 Reclaiming TDS on mutual funds might be possible in some Gulf countries. There are tax treaties involved. However, it can vary by country and situation. Still, if you need more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
I opened some Demat accounts when I was in India I have to invest only in direct stocks no mutual funds and IPOs... Currently I m doing investment with my regular brokers no problem facing. I m here in Kuwait from last 3 years. ... I understand from your video that if I open nre pins account and Demat than it is better when. I want to move funds from India to another country.. now here is a question if I open a nre pins account and nre pins Demat . Then is their any effect will we on my regular brokers while investing through both Demat regular and nre Demat ...? Similarly is their any effect will be on my regular saving accounts if I open a NRI pins bank account .. can I manage both of them at a same time....? I opened some Demat accounts when I was in India I have to invest only in direct stocks no mutual funds and IPOs... Currently I m doing investment with my regular brokers no problem facing. I m here in Kuwait from last 3 years. ... I understand from your video that if I open nre pins account and Demat than it is better when. I want to move funds from India to another country.. now here is a question if I open a nre pins account and nre pins Demat . Then is their any effect will we on my regular brokers while investing through both Demat regular and nre Demat ...? Similarly is their any effect will be on my regular saving accounts if I open a NRI pins bank account .. can I manage both of them at a same time....?
Yes, you can maintain both regular and NRE PINS Demat accounts simultaneously. There's no impact on your regular accounts or investments. NRE PINS is specifically for investing foreign funds in India. Consult CA Arun Tiwari for detailed guidance on managing both accounts effectively. Contact our NRI Desk at cs@aktassociates.com or 8080088288
Quick question - If someone is based in UK and want to invest in mutual funds in India then they cannot do this via a PINs account? Is that correct? Then if they do this via a non-PINs account, any money invested in mutual funds becomes non-repatriable (I mean not as simple as a NRE account)?
That's correct. PINs accounts are for resident Indians. UK residents need a different route, and funds might have repatriation restrictions. for more details Contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Hello Sir, nice video! Liked 👍 Question: Can I transfer funds from my NRE account to NRO account and then buy equity via an NRO non-PINS account (Zerodha)?
Yes, you can transfer funds from your NRE account to NRO account, and you can invest it through zerodha. For more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
I have a demat account when I was in India but now I have moved outside India and become NRI. Can I still keep that demat account and do investment via my regular savings account?
You can maintain your existing demat account, but you'll need to convert it to an NRO or NRE demat account to continue investing. For more info contact our client support at 8080088288 or email us at cs@aktassociates.com
Sir if someone like me who is living overseas for over 20 yrs and want to invest in simple equity stocks for long periods of times and want income from profits to be repatriated back to me I should opt for PINS linked demat using my NRE account .. is that correct understanding or I missed something in video .. Thank you
Yes, choosing a PINS-linked Demat with your NRE account allows long-term equity investment and profit repatriation. If you need more information Contact our client support at 8080088288 or email us at cs@aktassociates.com
how can i transfer borrowed funds of $ 200k to invest overseas? i know there is restriction to transfer borrowed funds overseas is there a break through for this ?? other than hawala network do i need to open a HUF or company in india and from there invest in forigen company ?? or can indian company loan to individuals in overseas who happen to be directiors in indian company ad well (related party ) is there a way to get away with transter pricing rules , intrest eithholding tax (in overseas)
We recommend you to consult with CA Arun Tiwari, He will assist you in this matter. Please contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Yes, US NRIs can invest in mutual funds via NRE or NRO accounts, but not through PINS. For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
No, NRE non-PINs accounts don't exist, but you can sell holdings and credit funds to your NRE account. For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
No, non-resident Indians (NRIs) are not allowed to invest in Sovereign Gold Bonds (SGBs) as per the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA) of 1999
Thanks for very informative video,Can Gulf country NRIs do Intraday or F & O through NRO account ? & How shall I know my existing Demat account is PIS or Non PIS account?
NRIs in Gulf countries can do Intraday or F&O trading through an NRO account, and to check if your existing Demat account is PIS or Non-PIS, contact your brokerage or check your account status on their platform. For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
It's more painful for nri if nri want to invest in indian stock markets..
Sir, Very very informative video. Keep giving more such videos. ❤❤
@DEVENDRAKUMAR-zo5vx So nice of you
Very good❤
You mentioned that TDS will be deducted while you were talking about NRE account. So do I have to pay taxes on my NRE Demat account or only on NRO demat account? If only for NRO, why will TDS be deducted for NRE account?
Basically NRIs from US or Canada should have PINS account and invest in stocks directly with delivery. No other trading like forex, intraday, mutual funds etc.
For most gulf countries and other countries even if TDS deducted for mutual fund capital gains, we can claim refund through double taxation rule by submitting TRC Tax residency certificate from resident abroad country. In gulf no income tax and also we can get refund of mutual funds capital gains taxes.
Yes, You are correct @musicmode2192
Reclaiming TDS on mutual funds might be possible in some Gulf countries. There are tax treaties involved. However, it can vary by country and situation.
Still, if you need more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
But anyways you have to pay taxes in the capital gains right? I am new to this would love to get some insights
I opened some Demat accounts when I was in India I have to invest only in direct stocks no mutual funds and IPOs... Currently I m doing investment with my regular brokers no problem facing. I m here in Kuwait from last 3 years. ... I understand from your video that if I open nre pins account and Demat than it is better when. I want to move funds from India to another country..
now here is a question if I open a nre pins account and nre pins Demat . Then is their any effect will we on my regular brokers while investing through both Demat regular and nre Demat ...?
Similarly is their any effect will be on my regular saving accounts if I open a NRI pins bank account .. can I manage both of them at a same time....?
I opened some Demat accounts when I was in India I have to invest only in direct stocks no mutual funds and IPOs... Currently I m doing investment with my regular brokers no problem facing. I m here in Kuwait from last 3 years. ... I understand from your video that if I open nre pins account and Demat than it is better when. I want to move funds from India to another country..
now here is a question if I open a nre pins account and nre pins Demat . Then is their any effect will we on my regular brokers while investing through both Demat regular and nre Demat ...?
Similarly is their any effect will be on my regular saving accounts if I open a NRI pins bank account .. can I manage both of them at a same time....?
Yes, you can maintain both regular and NRE PINS Demat accounts simultaneously. There's no impact on your regular accounts or investments. NRE PINS is specifically for investing foreign funds in India. Consult CA Arun Tiwari for detailed guidance on managing both accounts effectively.
Contact our NRI Desk at cs@aktassociates.com or 8080088288
Quick question - If someone is based in UK and want to invest in mutual funds in India then they cannot do this via a PINs account? Is that correct?
Then if they do this via a non-PINs account, any money invested in mutual funds becomes non-repatriable (I mean not as simple as a NRE account)?
That's correct. PINs accounts are for resident Indians. UK residents need a different route, and funds might have repatriation restrictions.
for more details Contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
But about Seafarer sir, should need pis or non pis account or we can counties regular demat account link with Nro account
Hello Sir, nice video! Liked 👍
Question: Can I transfer funds from my NRE account to NRO account and then buy equity via an NRO non-PINS account (Zerodha)?
Yes, you can transfer funds from your NRE account to NRO account, and you can invest it through zerodha.
For more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Great knowledgeable video sir. Please answer my question. Can an NRI do intraday trading through NRO non-Pins account?
NRIs cannot do intraday trading through NRO non-PIS accounts
Then how can NRIs can do intraday trading? Please help
If you need more information Contact our client support at 8080088288 or email us at cs@aktassociates.com
So many restrictions. Govt is afraid of NRIs or what.
Hello Sir. Can i transfer funds from NRE to NRO account and invest through Non-PINS account in IPO, Mutual funds??
@sandeepbudhwani416
Yes, you can do that.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
I have a demat account when I was in India but now I have moved outside India and become NRI. Can I still keep that demat account and do investment via my regular savings account?
You can maintain your existing demat account, but you'll need to convert it to an NRO or NRE demat account to continue investing.
For more info contact our client support at 8080088288 or email us at cs@aktassociates.com
Audio is not clear mostly , Sorry but true.
We check and improve
Sir if someone like me who is living overseas for over 20 yrs and want to invest in simple equity stocks for long periods of times and want income from profits to be repatriated back to me I should opt for PINS linked demat using my NRE account .. is that correct understanding or I missed something in video .. Thank you
Yes, choosing a PINS-linked Demat with your NRE account allows long-term equity investment and profit repatriation.
If you need more information Contact our client support at 8080088288 or email us at cs@aktassociates.com
how can i transfer borrowed funds of $ 200k to invest overseas?
i know there is restriction to transfer borrowed funds overseas
is there a break through for this ??
other than hawala network
do i need to open a HUF or company in india and from there invest in forigen company ??
or can indian company loan to individuals in overseas who happen to be directiors in indian company ad well (related party )
is there a way to get away with transter pricing rules , intrest eithholding tax (in overseas)
We recommend you to consult with CA Arun Tiwari, He will assist you in this matter.
Please contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Hi sir.. can NRIs with Canada or USA citizenship have PINS demat account? Please advise
Yes, they can have a PINS demat account.
For more details Contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Thank you for the video. Can US NRIs invest in Mutual funds through PINS account? NRE or NRO
Yes, US NRIs can invest in mutual funds via NRE or NRO accounts, but not through PINS.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Duane Fields
Is PINS and PIS account same ?
i think yes .....KOTAK calls it PINS and AXIS was calling it PIS
Is PIS and PINS the same?
No, PIS (Portfolio Investment Scheme) and PINS (Portfolio Investments Scheme Regulations for NRIs) are not the same. PINS account is for NRIs and PIO.
Can I open nre non pins account and on selling the funds can it credited to nre account
No, NRE non-PINs accounts don't exist, but you can sell holdings and credit funds to your NRE account.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
@@AKTAssociatesOfficialplease double check, as far as i have checked non pins nre do exist.
Gibson Keys
Kory Park
NRI cannot buy SGB.. incorrect info
No, non-resident Indians (NRIs) are not allowed to invest in Sovereign Gold Bonds (SGBs) as per the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA) of 1999
Thanks for very informative video,Can Gulf country NRIs do Intraday or F & O through NRO account ? & How shall I know my existing Demat account is PIS or Non PIS account?
NRIs in Gulf countries can do Intraday or F&O trading through an NRO account, and to check if your existing Demat account is PIS or Non-PIS, contact your brokerage or check your account status on their platform.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com