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Yes, NRIs can invest with a PAN card and NRO/NRE account in a mutual fund and other asset classes. However, the required documents may differ as per the asset class.
Being an NRI you can only continue your existing PPF (Public Provident Fund) account that was opened when you were an Indian resident. Considering this, you are not allowed to open a new PPF account.
No, the passport number remains unchanged after reissuance.
The application fee is ₹1,500 for a 36 page passport, and the application fee for a passport with 60 pages is ₹2,000.
Normal passport takes approx 30 days and Tatkaal takes 7 to 10 working days.
Your old passport is canceled and returned to you
No, the passport number will remain the same after re-issued.
Yes, you can apply online for re-issue of passport.
The ITR forms for NRIs vary according to their income sources. ITR-2 is for all types of income except business income. ITR-3 is for business income.
Yes, an NRI can own a property in India. They can buy both residential and commercial property in India. However, purchasing agricultural land, plantation property, or farmhouses is not allowed.
Yes, an NRI can operate a bank account in India. They can operate NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts in India.
If you spend more than 182 days outside of India within a fiscal year (April–March), you are considered an NRI. Even a partial day spent in India counts. The barrier can be 240 days for people departing for work or as ship crew. To confirm your status, keep track of your travels.
No, NRIs cannot hold, open, or operate a resident account in India. According to the FEMA, NRIs must either close or convert their savings or current account to an NRO or NRE account.
Yes, NRIs are eligible for Aadhaar cards. If an NRI has stayed in India for 182 days or more in the 12 months after the date of application, then they can apply for an Aadhaar card.
182 days during the financial year.
Indian citizens who stay in India for less than eighty-two days in the course of the preceding financial year.
If the taxable income in India exceeds ₹15 lakhs, the provisions concerning stays exceeding 120 days will apply.
Yes, non-resident Indians (NRIs) can apply for an Aadhaar card if they have a valid Indian passport.
A "resident" is one who fulfills the specific conditions for being considered a resident in India for tax purposes, and a "non-resident Indian" does not meet any conditions.
There are three main types of non-resident Indian (NRI): non-resident external (NRE), non-resident ordinary (NRO), and foreign currency non-resident (FCNR).
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