Very informative. I was going to open PIS account but now watching your video, now I think non-PIS is more better for general aam people. Thank you for these valuable information.
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.
Very well explained. I was confused regarding Taxation on PIS and Non PIS.. As you mentioned it's same then its much better to open Non PIS NRO account for NRI. Thanks for clarification.
Wonderful Explanation!! Came across your channel and got all my queries resolved. Now I am ready to open my NRO - Non PIS account because of less charges and almost no restrictions. Cheers to Yadnya Investment Academy!!
Thank you thank you. I have been watching and learning about stock market from youtube nobody has explained about NRI investing PLS UPLOAD MORE ABOUT NRI INVESTMENT
Excellent explanation. Appreciated your efforts for picking up such topic. Normally Bank do not clarify like this especially HDFC Bank since they want to make more money by opening PSI account.
Thank you sir. A question, do NRIs need to file for ITR (Tax returns in India) if investing under that PIS scheme and capital gains exceed threshold? I hear a lot of differing opinions on this point.
First he said 4:08 non pis account is able to invest in F&O then later 8:00 he said NRI is not allowed to intraday trading,short selling,and what the meaning of F&O?.... Really I'm too confused after seen he's video
Sir you did not speak about investment in mutual funds. We need to do through pis? Please make video on this. And tax limits for mfs. Do we need to pay tax in India and usa
Sir, I have one account in ICICI which i converted to NRE/NRO including Trading account, my query is if I have one more trading account like zerodha etc, can i used fund transfered in the NRE account in trading with zerodha?
Thanks for your very useful information .How the equity /MF/Bonds in the existing Dmat account of a resident could be transferred to NRI Dmat account?Clarification would be highly solicited.
Hey, still too much confusion Sir . If, the purpose is to invest in stock market from Canada and keeping that money in India, which option is best. Nro or Nre? Pis or non pis?
my daughter is struggling to withdraw PPF money in General Post Office A/c since two years. She is now 24 years. She was born in US. Her grandfather somehow could open her PPF account in year 2000 and deposited some 10 lakhs over many years. He passed away in 2015, she came to know of this PPF account and wants to close the account. She has sent numerous letters and follow-ups but nothing is being done to close the account and move the money to NRE or NRO account. Can someone help to resolve this?
सर नमस्कार जिस प्रकार small cap mutual fund अधिक पैसा लेने पर या lumpsum लेने पर रोक लगा रहे है भविष्य में तो और भी अधिक निवेशक म्यूचुअल फंड से जुड़ेंगे तो और अधिक पैसा फंड मैनेजर के पास आएगा फिर उन लोगो के पैसे को कैसे निवेश करेंगे या फिर क्या भविष्य होगा small cap mutual funds
There is no one supporting US NRI to invest in indian mutual funds. There are some 3rd party people but they are only allowing Regular funds not Direct MF. Regular funds expense ratio is crazy. Does anyone know how to invest in direct mutual funds being an NRI? Please share. Thank you!
Actually i need to go full legal and start option selling business from uae currently i have demat account which i wa using in india now i want start business on large scale by sending money from here to india i need full guidance could you help me
Hi sir, I'm an NRI. If i invest in stock market through my wife (homemaker) account and make profit is this clubbed to my income ? Please mention the same if I'm doing the same through my mother's account.Both of them are resident Indians.
i have a PIS account with axis bank, i haven't been trading for 5 years or more.. so the PIS account is now dormant.... Now i want to start trading ... i don't have any plans to repatriate the money , so in this case , can i just open a new NRO account and a new demat account and start trading ?
Thanks Yadnya Investment to upload videos on NRI investment, very less YT channels do so. Appreciate if you could have a video on NRI taxation in India. Is the new Tax slab of 7 laks applicable for NRI?
Is it possible to transfer my current resident account shares into NRO(non PIS) Demat if I create a account Or is it a good idea to sell those shares and re-invest
While I am thankful to the presenter and the channel for making this video. But at the same time, I like to warn every NRIs about current dubious Indian government and policies. Repatriation of money from India to any foreign country was always costly and complicated, and now the bank related RED tape is all time high. Before 2016, every NRI, I know would keep 10k-50k Indian rupees at home throughout the world, to use it during the next India trip. But after 2016 and 2023 (2k) demonetization, no NRI keeping any Indian rupees and now most of the foreign bank do not exchange Indian rupees. When its comes to withdrawing money from Indian bank (specially government bank), forget about NRI, even Indian citizens had hard time. My parents and every senior member of my family were harassed every 3-6 months with frozen accounts, just because they are not online users. Before 2014 without court approval no bank could freeze any account. But now it's legal for banks to freeze any bank account including senior citizens without any court order. Death of democracy. Final nail in coffin, most of the banks in India are government banks. and they will never provide paperwork on time. So, in case of conflict there will be court case as "you vs government of India, where no citizens (Indian or NRI) ever going to get justice.
Very informative. I was going to open PIS account but now watching your video, now I think non-PIS is more better for general aam people. Thank you for these valuable information.
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.
Thank you Sir for Great Clarification.
Thank you Sir.Brilliantly explained, especially the points that come on the screen were very helpful
Thank you Sir, Best video about PIS/ Non PIS account.
Very well explained. I was confused regarding Taxation on PIS and Non PIS.. As you mentioned it's same then its much better to open Non PIS NRO account for NRI. Thanks for clarification.
I don't get it. I thought non pis on nro is taxable?
Wonderful Explanation!!
Came across your channel and got all my queries resolved.
Now I am ready to open my NRO - Non PIS account because of less charges and almost no restrictions.
Cheers to Yadnya Investment Academy!!
but you can only trade ETFs.
Thank you thank you. I have been watching and learning about stock market from youtube nobody has explained about NRI investing PLS UPLOAD MORE ABOUT NRI INVESTMENT
Excellent explanation. Appreciated your efforts for picking up such topic. Normally Bank do not clarify like this especially HDFC Bank since they want to make more money by opening PSI account.
Very informative video and explained point by point. Thank you 🙏
Got it, thoroughly clear.🙏
Very well explained.
Thank you very much for explaining in very detail.
Thank you sir very informative 🙌🏻❤️
Thank you sir. A question, do NRIs need to file for ITR (Tax returns in India) if investing under that PIS scheme and capital gains exceed threshold? I hear a lot of differing opinions on this point.
Well explained ❤
First he said 4:08 non pis account is able to invest in F&O then later 8:00 he said NRI is not allowed to intraday trading,short selling,and what the meaning of F&O?.... Really I'm too confused after seen he's video
Sir you did not speak about investment in mutual funds. We need to do through pis? Please make video on this.
And tax limits for mfs.
Do we need to pay tax in India and usa
Sir, I have one account in ICICI which i converted to NRE/NRO including Trading account, my query is if I have one more trading account like zerodha etc, can i used fund transfered in the NRE account in trading with zerodha?
So if I create nre account with zerodha.
So may i open nro account with another broker like groww?
Thanks for your very useful information .How the equity /MF/Bonds in the existing Dmat account of a resident could be transferred to NRI Dmat account?Clarification would be highly solicited.
Sir nro account attracts additional taxes on interest gained from the money in nro savings.
Non PIS account can also take money from NRE account. I have one NRE NPIS account from ICICI
Thanks mate, can you advise,with NRE- NON PIS account in what schemes((for ex. mutual funds, IPO etc)) NRI can invest in?
is it possible to manage both PIS & non-PIS for an individual?
Yes
Hey, still too much confusion Sir . If, the purpose is to invest in stock market from Canada and keeping that money in India, which option is best. Nro or Nre? Pis or non pis?
my daughter is struggling to withdraw PPF money in General Post Office A/c since two years. She is now 24 years. She was born in US. Her grandfather somehow could open her PPF account in year 2000 and deposited some 10 lakhs over many years. He passed away in 2015, she came to know of this PPF account and wants to close the account. She has sent numerous letters and follow-ups but nothing is being done to close the account and move the money to NRE or NRO account. Can someone help to resolve this?
@@v2attube280 bhai yeh naya bharat hai…yahan har paer pe ullu betha hai….
NRO accounts are allowed for intra day and F&O.
As an NRI do i need PIS or Non-PIS account for investments in Mutual Funds?
सर नमस्कार
जिस प्रकार small cap mutual fund अधिक पैसा लेने पर या lumpsum लेने पर रोक लगा रहे है भविष्य में तो और भी अधिक निवेशक म्यूचुअल फंड से जुड़ेंगे तो और अधिक पैसा फंड मैनेजर के पास आएगा फिर उन लोगो के पैसे को कैसे निवेश करेंगे या फिर क्या भविष्य होगा small cap mutual funds
Can i invest in PPF as Seafarer having NRI status?? Pls help
Very informative.
I am USA citizen. I have NRI PIS ACCOUNT.
CAN I OPEN ONE MORE DEMAT ACCOUNT WITH DIFFERENT COMPANY NRI NON PIS ACCOUNT?
Very informative. Thank you.
Is ETF allowed in PIS account ?
I have Non PINS NRE account with ICICI. Requesting to clarify since its not in-line with your video.
Thanks mate, can you advise,with NRE- NON PIS account in what schemes((for ex. mutual funds, IPO etc)) NRI can invest in?
👍awesome content
Very useful information
Very informative, thanks
Nepal se invest karsakte he ki nahi?
Arey bhai ye bhi bta dete ki documents kya kya chahiye hote hai. As per requirement for Non-PIS they ask so many documents😐
Sir, why index funding is not allowed for Canada n is NRIS
can Usa nri invest in small case ? I have pis icici ,can to tell me how to invest in small case
There is no one supporting US NRI to invest in indian mutual funds. There are some 3rd party people but they are only allowing Regular funds not Direct MF.
Regular funds expense ratio is crazy.
Does anyone know how to invest in direct mutual funds being an NRI? Please share. Thank you!
I called ICICI bank and they said I can't buy securities in non PIS account.
Actually i need to go full legal and start option selling business from uae currently i have demat account which i wa using in india now i want start business on large scale by sending money from here to india i need full guidance could you help me
Hi sir, I'm an NRI. If i invest in stock market through my wife (homemaker) account and make profit is this clubbed to my income ? Please mention the same if I'm doing the same through my mother's account.Both of them are resident Indians.
i have a PIS account with axis bank, i haven't been trading for 5 years or more.. so the PIS account is now dormant.... Now i want to start trading ... i don't have any plans to repatriate the money , so in this case , can i just open a new NRO account and a new demat account and start trading ?
well explained
What should US and Canada NRI do ......PIS is the only option. ?
No it’s not like that, we are coming out with video for US and Canada Investment
Is it worth investing in india?. How much % we can expect after tax
Yes it's worth to invest in india.
Sir as u say intraday trading not allow . Long as i know it's allow on index intraday trading for non pis. Can u please correct me if i wrong . Thanks
Intraday Commodity trading is not allowed. F&O trading is allowed through NRO non PIS account
@@Unchartedly thank you
Thanks
Thanks Yadnya Investment to upload videos on NRI investment, very less YT channels do so.
Appreciate if you could have a video on NRI taxation in India. Is the new Tax slab of 7 laks applicable for NRI?
nice video...well done
Is it possible to transfer my current resident account shares into NRO(non PIS) Demat if I create a account
Or is it a good idea to sell those shares and re-invest
I don’t know the procedure to transfer, if it’s not that complicated, it’s better to transfer instead of sale..
When you convert the account they will transfer your shares and mutual funds to NRO account. They will charge some fees.
Nice video
Excexe🦉🙏
While I am thankful to the presenter and the channel for making this video.
But at the same time, I like to warn every NRIs about current dubious Indian government and policies. Repatriation of money from India to any foreign country was always costly and complicated, and now the bank related RED tape is all time high.
Before 2016, every NRI, I know would keep 10k-50k Indian rupees at home throughout the world, to use it during the next India trip. But after 2016 and 2023 (2k) demonetization, no NRI keeping any Indian rupees and now most of the foreign bank do not exchange Indian rupees.
When its comes to withdrawing money from Indian bank (specially government bank), forget about NRI, even Indian citizens had hard time. My parents and every senior member of my family were harassed every 3-6 months with frozen accounts, just because they are not online users. Before 2014 without court approval no bank could freeze any account. But now it's legal for banks to freeze any bank account including senior citizens without any court order. Death of democracy.
Final nail in coffin, most of the banks in India are government banks. and they will never provide paperwork on time. So, in case of conflict there will be court case as "you vs government of India, where no citizens (Indian or NRI) ever going to get justice.
Can a foreigner(Pakistani) buy stocks in india?
😂😂😂
I didn’t know NRIs have to pay taxes on equity.
Yes
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Show me the money iss video me absent he
He just confusing me . First bad video i have seen in years
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