Discover and read the best of Twitter Threads about #NRO
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Thread 🧵 on NRE NRO Accounts
✅ What is NRE NRO A/c
✅ What’s the Difference
✅ Types of NRO NRE A/c
✅ Taxability on NRO NRE A/c
✅ Who can Open/Operate
✅ How to Utilise these accounts
✅ Investment’s through NRO NRE
✅ Repatriation of Funds
Let’s begin 👇🏻
✅ What is NRE NRO A/c
✅ What’s the Difference
✅ Types of NRO NRE A/c
✅ Taxability on NRO NRE A/c
✅ Who can Open/Operate
✅ How to Utilise these accounts
✅ Investment’s through NRO NRE
✅ Repatriation of Funds
Let’s begin 👇🏻
Q. What is NRE NRO Accounts ?
Literal meaning -
NRE: Non- Residential External
NRO: Non- Resident Ordinary
Both accounts are opened by NRI’s in India 🇮🇳 which are in INR denominations.
#NRI #NRO #NRE
Literal meaning -
NRE: Non- Residential External
NRO: Non- Resident Ordinary
Both accounts are opened by NRI’s in India 🇮🇳 which are in INR denominations.
#NRI #NRO #NRE
Q. What’s the difference between NRE & NRO?
Basic Difference:
NRE account opened by NRI to park their “Foreign Earnings”
NRO account opened by NRI to manage “Income earned in India” 🇮🇳
Basic Difference:
NRE account opened by NRI to park their “Foreign Earnings”
NRO account opened by NRI to manage “Income earned in India” 🇮🇳
How to transfer money from your NRO account to your NRE account/ Overseas account?
NRI clients are always confused about what are Form 15CA and Form 15CB and how they can remit money outside India.
A THREAD
#NRI #15CA #15CB
NRI clients are always confused about what are Form 15CA and Form 15CB and how they can remit money outside India.
A THREAD
#NRI #15CA #15CB
First, important point -
NRE accounts are freely repatriable. This means that you don't need to submit any forms to your Bank to transfer money from an NRE account to your foreign bank account outside India.
NRE accounts are freely repatriable. This means that you don't need to submit any forms to your Bank to transfer money from an NRE account to your foreign bank account outside India.
However, to transfer money from your NRO account to NRE account, you will need the following documents:
Form 15CA – a self-declaration
Form 15CB – a Chartered Accountant’s Certificate
Form A2 and Application for outward remittance
Documentary proof of the sources of the funds
Form 15CA – a self-declaration
Form 15CB – a Chartered Accountant’s Certificate
Form A2 and Application for outward remittance
Documentary proof of the sources of the funds
Planning to return to India? Here's a thread on what you need to do from a tax/ compliance perspective.
#r2i #returntoIndia #incometaxindia
#r2i #returntoIndia #incometaxindia
Assets outside India💰
Continue to hold. You can hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such assets was acquired, held or owned by you when you were a non-resident or was inherited from non-resident
Continue to hold. You can hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such assets was acquired, held or owned by you when you were a non-resident or was inherited from non-resident
Pro-tip:
Be mindful of income tax regulations that determine scope of total income. You want to minimize tax paid in India on overseas assets and avoid double taxation. Plan your investments and date of return in the most tax efficient manner.
Be mindful of income tax regulations that determine scope of total income. You want to minimize tax paid in India on overseas assets and avoid double taxation. Plan your investments and date of return in the most tax efficient manner.
Russia's #Nuclear Agency now confirms 7 dead from its nuclear accident.
Fascinating declassified b/g on Severodvinsk: #CIA, #NRO, National Archive docs to follow here.
The announcement brings the number of deaths caused by the blast to seven wsj.com/articles/russi… via @WSJ
Fascinating declassified b/g on Severodvinsk: #CIA, #NRO, National Archive docs to follow here.
The announcement brings the number of deaths caused by the blast to seven wsj.com/articles/russi… via @WSJ
@WSJ For starters, where #Severodvinsk is:
"The information about the increased radiation, first published on Thursday at 14.23, was removed from the city authorities’ portal Friday afternoon and is now just a dead-link." — @NilsenThomas, The Barents Observer
"The information about the increased radiation, first published on Thursday at 14.23, was removed from the city authorities’ portal Friday afternoon and is now just a dead-link." — @NilsenThomas, The Barents Observer
@WSJ @NilsenThomas During the Cold War, Severodvinsk is where the USSR built its Typhoon class of submarine -- made famous by Tom Clancy in "The Hunt for Red October."
یہ قصّہ 2014 سے شروع ہوا جب کراچی کے کور کمانڈر اور ڈی جی رینجر کراچی کے حالات کو قریب سے دیکھ رہے تھے اور تشویش کا اظہار کرتے رہے مگر بند کمروں میں
اس وقت نواز شریف نے راحیل شریف کو آرمی چیف منتخب کیا روزانہ کی بنیاد پر کراچی میں 20 کے قریب لوگ اپنی جان سے جاتے تھے
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اس وقت نواز شریف نے راحیل شریف کو آرمی چیف منتخب کیا روزانہ کی بنیاد پر کراچی میں 20 کے قریب لوگ اپنی جان سے جاتے تھے
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پورے شہر میں بم دھماکے اور لوٹ مار معمول کی بات تھی , دوسری طرف عمران خان نے دھاندلی کے خلاف دھرنا دینے کا اعلان کر رکھا تھا ساتھ ساتھ طاہر القادری نے بھی انقلاب کا نعرہ لگا دیا تھا البتہ سندھ کی حکومت کا صرف ایک مسئلہ تھا کہ رحمٰن ملک کب لندن جائیں اور الطاف حسین کو منائے
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وفاق میں مک مکا کی حکومت تھی خورشید شاہ اور اسحاق ڈار دو لخت ایک جان تھے چودھری نثار کھٹکتا تھا
نواز شریف حسب روایت اپنی دھاندھلی زدہ عوامی طاقت کی زور آزمائی کا شوق پورا کرنے کے لئے پہلے حامد میر سے ملنے آغا خان ہسپتال پہنچے عیادت کی مگر ایک لفظ اپنی فوج کے دفاع میں نہ کہا
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نواز شریف حسب روایت اپنی دھاندھلی زدہ عوامی طاقت کی زور آزمائی کا شوق پورا کرنے کے لئے پہلے حامد میر سے ملنے آغا خان ہسپتال پہنچے عیادت کی مگر ایک لفظ اپنی فوج کے دفاع میں نہ کہا
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