Breaking down the budget, from an NRI's point of view

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Breaking down the budget, from an NRI's point of view
By Raj Khosla, ET CONTRIBUTORS
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Synopsis

The raising of the tax audit limit for NRIs from Rs 5 crore to Rs 10 crore is a welcome step. Even so, the TDS rules continue to be a major pain point for NRIs. On bank deposits, NRIs have to cough up 30% TDS. Hopefully the government will ease the TDS rules for NRIs thereby encouraging investments in India.

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One major step forward is the permission to set up One Person Companies (OPCs) in India.

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