Do I need to report inward remittances?
I am an engineer working in Saudi Arabia and have been repatriating my income to India via remittances to my Non-Resident External (NRE) account. How do I report my remittances in the income tax return…
remittances
Major UPI apps enabled to receive direct remittances from Singapore
Thanks to the interoperability enabled by the joint efforts of the Reserve Bank of India (RBI) and Monetary Authority of Singapore (MAS), cross-border linkage is active for the major UPI apps such as BHIM, PhonePe…
Want to remit money to India? Here are 4 popular alternatives
With $125 billion, India is the top remittance recipient nation of 2023, the latest World Bank data reveals. The cost of remitting money can be high, particularly via banks, the report further shows. Besides India, other…