Many Kinds of Investment Options in India for the NRI

When you want to invest your money in a productive venture that pays good returns, you consult the top people in the business. Invariably, they are the tax consultants as they have intricate links to the real estate and the property development sector. So, it makes sense for an NRI to take the services of the tax consultants to do the investing for him.

Use of taxation service providers

The other big plus in hiring the chartered accountants is that they will maintain your books and pay your taxes for you. It may not seem like much but when you do not have their services, you can end up running all over the place for a simple thing like filing your annual tax return. If you check the Taxation Services in Delhi you see many NRIs leave their tax worries in their capable hands and worry about enjoying life.

The tax consultants also give advice about the type of investments one must make. There are short term and long term investments and only when you make the right choice, your money will grow in the best possible manner. Here are the choices available to an NRI:

• Mutual Funds

• Fixed Deposits

• Direct Equities

• National Pension Schemes

• Real Estate

• Government Securities

The tax benefits for both the resident Indian and the NRI amount to the same when you invest in property. Under Section 80C you stand eligible for tax discount up to 1 lakh INR. This is one of the most popular choices since real estate always appreciates in value. Moreover, the nature of real estate is that you cannot destroy or steal it. This adds to the security of the investment.

Privileges for the NRI

If you are an NRI, you can hire the Foreign Investment Consultant in Delhi to do the investment for you. There are special privileges for the NRIs that you can avail of while making the investment. For instance, they can avail of foreign funding for the loan subject to a few conditions.

One is that you can only repatriate two units of the property you invest in. But, there are no limits to the number of properties you may invest in. These properties could be residential or commercial properties. You can take a loan from any Indian institution and make the repayment from the rental income. You can do the repayment by taking a loan from a close relative living in India.

Conditions to fulfill funding

You can mortgage the property to an Indian financial institution without any permission from the RBI. But, if you use a foreign financial institution, you must get permission from the central bank. You can credit the rent you receive from the property to your NRO or NRE account directly. You can use the normal banking channels through the accounts in India.

The property developer may ask for a Power of Attorney from you if you invest in an under-construction property. This is to make things easier during construction because they will need permission at various stages. Having the Power of Attorney will help to ease the situation and keep the construction work progressing smoothly.