ENGAGE Mr S Shanbhag Financial Expert ENGAGE Now NRIs can use ICICI Bank Debit Card online on all leading websites it is easy convenient and Whether it is travel or movie tickets hotel rese ID: 290884
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ENGAGE The scope of taxation for NRIs is extremely vast, given the various facets that have to be taken into account. Mr. Sandeep Shanbhag, an eminent personality in the field of NRI Taxation guides you In this edition, Mr. Shanbhag answers queries on repatriation of money from an NRO AccountIn the last article, we had covered Remittances for NRIs. To summarise, the important points wereUÃ,i“ˆÃÃ>˜ViÃÃÃi˜ÃÃLÃà ,ÃÃÃœÃÃ…iˆÃÃÃi>ÈÃiÃÃ>ÃiÃÃ>ÇvÃiiUÃœÃÃ>Øœ˜‡Ãi>ÈÃiÃ>ÃÃi“ˆÃÃ>˜ViÃ>LœÃià ,Ãxä]äääÈÃ� c;êìîíîìïéUà œ˜ÃV>ÅëܫiÃÃÃÃÃÃV…Ã>ÃÃ>˜`ÃœÃÃLÈ`ˆ˜}]ÃÃ…>ÃiÃÃ>˜`ÃÃiVÃÈÈiÃ]ÃiÃiiÃÃ]Ã`Ã>Ș}Ã]ë>ˆ˜Ãˆ˜}Ã]Ã1. You need an "Auditor's certificate" (Chartered accountants certificate) plus all supporting ðÃ-ÃL“ˆÃÜÓÃãx Ã>˜`ãx ÃÃ…ÃœÃ}…ÃÃ…iÃ/Ã`i«>ÃÓi˜ÃÃÃiLÈ� c;ìé3. Submit wire transfer or Foreign Currency DD request to your bank.{°Ã1««iÃÈ“ˆÃÈÃÃ1-ãӈˆœ˜Ãˆ˜Ã>ÃÃi>ÃÃÂvœÃÃV>«ˆÃ>ȘVœ“i®]ÃÃ…ˆV…ÃV>˜ÃLiÃÃi«>ÃÈ>Ãi`ÃÈÅœÃÃÃ, ÃWe hope you found this article useful. Do send in all your NRI taxation queries, and we will try to answer them. In the next edition, we will cover another interesting aspect of NRI Taxation. Till then, Mr. S. Shanbhag - Financial Expert, ENGAGE Now NRIs can use ICICI Bank Debit Card* online on all leading websites - it is easy, convenient and Whether it is travel or movie tickets, hotel reservations, shopping for luxuries or just everyday things, You can view the list of major websites where debit cards can be used in the debit cards section on the Bank's website www.icicibank.com For doing an online transaction, all you need to do is to register your card with ICICI Bank under Verified by Visa / Master Secure Code. The registration shall provide added protection or safety Four simple steps to register: -Log on to a website for online transaction -Select the items and Click on 'Make Payment Section -Enter your card number, CVV, and expiry date Password so that nobody other than you is able to transact with your card Whats new Online Transactions through 5 In focus- NRI ProductsShilpi has had various Savings and Fixed deposit relationships with her bank, which she used to However, after her marriage, she had moved to the US and was confused on what type of account she should open for her India linked banking. She needed to identify the right type of account to manage your finances locally ENGAGE Being an NRI, you cannot be physically present to handle your financial matters for most of the year. Hence, to take care of your finances in India, you can appoint a resident Indian you trust a friend, family member, etc. to act on your behalf. For example, you can legally authorise your parents to is to make investments. A mandate holder can be useful for both these, among other, purposes. UÃ7ˆÃ…`Ã>ÃÓœ˜iÃÃvÃœ“ÃÃœÃÃÃ>VVœÃ˜ÃÃÜÓ>ŽiÃœV>ë>Ói˜ÃÃ]ÃÃ>ÃÃUà >ŽiȘÃiÃÓi˜ÃÃÃœ˜ÃÃœÃÃÃLi…>vÃÃȘ}ÃÃ…iÃvØ`ÃȘÃÃ…� 6;éêî æ æìåèUÃ,i˜iÃÃ>˜ÃiÈÃȘ}ÈÃi`Ã`i«œÃˆÃà Open an NRI Account UÃ/Ã>˜ÃviÃÃvØ`ÃÃœÃÃÈ`iØ`ˆ>ÃÃ…ÃœÃ}…ÃÃœÃÃà ,Ã>VVœÃ� 9;èìêíéí æéëìUÃ/Ã>˜Ãvir funds as a gift to a Resident individualStep 1- Fill in the mandate holder registration form present on the website (with your signature, along with your mandate holders)Step 3- Your mandate holder has to submit a recent photograph and copies of relevant Identity and ENGAGE