Video by enrichwise

So, Papa, a NRI seafarer has had to live in India this year. So, the NRI FDs, the interest of the NRI and R&R, the interest of the NRI is taxable. So, the NRI is taxable, right? Yes, the NRI, the seafarer specifically, the interest of the NRI is taxable. What happened in this case?

The resident or R&R, the resident or R&R, right? So, in that case, NRI FDs are taxable or not? Taxable. But, what do you think that NRI FDs are non-taxable? In NRE, C-ferrals keep many money, and they are locked in their money because it is tax-free. But in their case, there is a problem.

If you are not able to go in the same way, you will not be able to go abroad. You will be resident. If you are resident, you will be taxable in NRE FDs. It will be 30% plus charge. Because you will have 5-6 crore in NRE FDs. So if you are feeling like you are able to do it,

or you should always prepare some portion of the money, that you will have 50% tax deferred instruments. Like debt mutual funds, arbitrage, conservative hybrids, which is where your tax differ. You can also add more returns, 8-9% or some inflation beat, because it's long term. So if it's taxable, and it's inefficient, then NREFTs are less than tax.

So, for example, you have 30% taxed by 6-7% on the 30% and you have 3% on the low. So basically, you should have a seafarer and you should have a channel of money efficiently. You should have a channel of life and you should have a channel of life. Okay, that simplifies it.