Beyond Gold and Real Estate: Exploring Investment Opportunities for NRIs in India

Beyond Gold and Real Estate: Exploring Investment Opportunities for NRIs in India

CA Surin Gandhi is a Senior Investment Analyst employed with Astrolabe Holding Company. He serves as a Committee member of The Kuwait Chapter of the Institute of Chartered Accountants of India (KCICAI). Surin Gandhi Arab Times: What are the stipulated limits for the amount of money and gold an NRI can carry when visiting India? …

<p>The post Beyond Gold and Real Estate: Exploring Investment Opportunities for NRIs in India first appeared on ARAB TIMES - KUWAIT NEWS.</p>CA Surin Gandhi is a Senior Investment Analyst employed with Astrolabe Holding Company. He serves as a Committee member of The Kuwait Chapter of the Institute of Chartered Accountants of India (KCICAI).

Surin Gandhi

Arab Times: What are the stipulated limits for the amount of money and gold an NRI can carry when visiting India?

Gandhi: For Cash, an NRI can carry up to USD 10,000 or its equivalent in foreign currency without customs declaration.

For Gold, a male passenger is allowed to carry a maximum of 20 gms, which doesn’t cost more than Rs. 50,000 and a female passenger can carry a maximum of 40 gms which should not cost more than Rs. 1 lakh as a duty-free allowance.   

Arab Times: Is the salary transferred to an