Taxes on Indian investments for NRI

[Harjeevansingh]

Hi everyone,

My relatives stay in Canada and have a good income. But they are not financially aware to what to do with the disposable income other than keeping in the bank account. So, I am planning to get them an NRE/NRO account in an Indian bank to help them investing. But I have few doubts which i need experts/experienced persons help.

What could be the applicable taxes they have to pay on following investments?

1. Rental income
2. Income from direct stocks/MF/gold bonds
3. Income from interests

Also, I appreciate if anyone can suggest other investment options.

Thanks in advance

 

[SSV]

Hi everyone,

My relatives stay in Canada and have a good income. But they are not financially aware to what to do with the disposable income other than keeping in the bank account. So, I am planning to get them an NRE/NRO account in an Indian bank to help them investing. But I have few doubts which i need experts/experienced persons help.

What could be the applicable taxes they have to pay on following investments?

1. Rental income
2. Income from direct stocks/MF/gold bonds
3. Income from interests

Also, I appreciate if anyone can suggest other investment options.

Thanks in advance

Since it is going to be a long term financial activity that too involved with foreign source of income, Profesional Tax Consultant Service is the need of the hour for you. Not a public forum like this, where no responsibility lies with the advisor..
Best wishes

 

[SSV]

About the Bank, you can consider ICICI Bank as one of your NRE banking partners .. It is better to choose a bank where they have a foreign branch in Canada