Do I need to file taxes in India if I am an NRI?
It depends on your income sources in India. If you have income from rent, investments, or fixed deposits, filing an Indian tax return might be mandatory.
What documents do I need to file my NRI tax return?
The required documents vary depending on your income sources. Generally, you'll need your PAN card, bank statements, investment details, and passport.
Can I file my NRI tax return myself?
While it's possible, consulting an NRI tax expert can ensure accuracy, save time, and maximize your tax benefits.
What are the deadlines for filing NRI tax returns?
The deadline for filing Indian tax returns is typically July 31st of the assessment year.
Does iNRI have an iOS or Android app?
No, but we are planning to launch it soon this year.
Are all funds available for US / Canada residents?
A lot of mutual fund houses are not available to US Canada residents because of additional FATCA compliance restrictions they face. We curate the ones that are available based on your residence country.
I don’t know where to invest in India. Where do I start?
Absolutely, our team has put in the research so you don’t have to. We offer a curated basket of instruments, based on your financial goals and risk appetite.
Is my money safe?
Your money always stays with you. The funds directly flow from your bank account to the the financial instruments (e.g. mutual fund, ETFs, etc.). We are your personal advisor and help guide your investment choices best aligned to your financial goals.
How does currency exchange work here?
Your money gets converted into INR when it’s deposited in the Indian bank account. All your investments are in INR and are redeemed in INR back to your Indian bank account. You can easily repatriate it back through an NRE account (no limits) and NRO account (upto $1M annually).
Which accounts are required?
One just needs a NRE/NRO bank account to start investing in Mutual Funds.
Do you help open bank accounts as well?
Yes, we’ve partnered with Indian major banks and help provide support in opening all required accounts faster at no extra fees.
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