India is a growing economy and with the change in regulations, NRI’s are permitted to invest in instruments such as equities and mutual funds. We at GEPL CAPITAL, a financial services firm in the business for over a decade offer investment advisory and options catered to NRIs. We are growing to be a one-stop investment avenue offering investment products and services from Equities, Mutual Funds, Insurance, Commodities, Bonds and Currency trading.
Our company is headquartered at Mumbai and we have over 26 owned branches and 150+ partners across India. Our strategic tie-up with BANK OF INDIA to offer online trading to their customers has further increased our reach.
We realize that being an NRI your requirements are distinctive, for that we at GEPL Capital offer you a bouquet of products and services to suit your needs.
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Bank, Demat, Brokerage account will be activated in 7 working days
India is a booming economy with a vast array of investment opportunities for growth. We at GEPL, carefully select and identify the investment avenues with maximum returns for Indian investors across the globe. For Indians residing in various countries across, GEPL offers numerous financial instruments to grow your money securely. Some of the investment opportunities available to NRIs include:
For an NRI to start investing in financial instruments in India, he/she will first need to open the following accounts.
GEPL makes this step extremely easy by offering these services seamlessly at our branch office. To open these accounts, simply visit the nearest GEPL contact point and take the forms. Fill them with all the relevant details and submit them with the required documents. The accounts will be operational within 7 days if the forms and documents being approved.
Required documents include:
Yes. The provisions of DTAA override the general provisions of the tax law of a country. If there is a DTAA between India and the country in which NRI resides, the NRI has an option of choosing to be taxed either by the provisions of DTAA or the provisions of the Indian Income Tax Act, whichever is more beneficial. As regards procedure, each designated bank branch has its own process and documentation to be followed for availing benefit under DTAA of respective countries. These documents are for a specific period only and have to be executed every financial year with the designated bank to continue enjoying benefits.
DTAA is a bilateral agreement between Governments of two different countries for avoidance of double taxation and for prevention of fiscal evasion. Double taxation occurs when taxing jurisdiction overlap and a transaction, asset or income is subject to taxation in both jurisdictions. The purpose of DTAA is to avoid such double taxation to the extent agreed upon. In effect, the respective jurisdiction is so identified that a particular income is taxed in one country only or, in case it is taxed in both the countries, suitable relief is provided in one country to mitigate the hardship caused by taxation in another jurisdiction.
Yes. A certificate in prescribed format, mentioning details of the transaction and the tax deducted, will be issued by designated bank branch or fund house, as the case may be. As per current law, this certificate is issued on quarterly basis.
Yes. The tax on capital gains at applicable rates is deducted at source (withholding tax). The tax is calculated on the amount of gain (sell price - buy price). There will be no TDS in case of loss. In the case of Shares, the tax will be deducted by designated bank branch where PIS account is held. In the case of Mutual Fund, the tax will be deducted by the respective fund house.
The dividend income is exempt in the hands of the investor. However, respective Company or Fund House is charged with dividend distribution tax. The rates of taxation are as follows (Note 3): Asset Class Tax on Dividend Income(Payable by Investor) Dividend Distribution Tax(Payable by Company / Fund House) Equity Shares Nil 15% Mutual Funds Equity Nil Nil
Yes. The tax, at applicable rates, is deducted at source by fund house prior to crediting sale proceeds in the bank account.
If the investment is made on repatriation basis, the redemption proceeds along with dividend income can be repatriated outside India. If the investment is made on non-repatriation basis, the redemption proceeds cannot be repatriated outside India. However, dividend income qualifies for full repatriation.
Yes. Nomination is allowed. An NRI can nominate either a Resident Indian or an NRI for his investments. Nomination can also be changed after investments are made by an application in prescribed format to the AMC.
The following table summarises the applicable tax rates (Note 1): The following table summarises the applicable tax rates (Note 1):
Yes. As per the current Indian Income Tax Law, tax is payable on gains arising from sale of shares/units of mutual fund. Depending on the tenure of investment in shares, these gains are classified into: Short Term: If the holding period is 1 year or less, the resultant gain from sale of shares/units is termed as Short Term Capital Gains. Long Term: If the holding period is more than 1 year, the resultant gain from sale of shares/units is termed as Long Term Capital Gains.