Indubhai Amin, a non-resident Indian (NRI) settled in the UK earns interest income of Rs 3 lakh on his non-resident ordinary account bank deposit in India in the current FY 2009-10. Enjoying his personal exemption limit of Rs 1.60 lakh and the eligible deduction of Rs 1 lakh u/s 80C, Amin is...
I live in england where sometimes we feel out of touch with Indians and face Discrimination by the British which is not apparent in many walks of life and feel Deprived of our Basic human rights of freedom.The police sometimes Harass Indians because of their Colour and they are Easily spotted...
With a view to attract the savings and other remittance into India through banking channels from the person of Indian Nationality / Origin who are residing abroad and bolster the balance of payment position, the Government of India introduced in 1970 Non-Resident(External) Account Rules which...