Category : Finance

Gift money to parents in India: what is taxed, what is not, and why it must go through a bank

Sneha Smriti 6 October 2026

A person working in Australia can gift money to parents in India in any amount, ₹5 lakh (₹500,000) or ₹5 crore (₹50,000,000), and neither India nor Australia taxes the gift itself. India does tax gifts, but it exempts money received from a "relative", and a son or daughter is on that list. The…Read More

Finance Indians in Australia

RNOR status: the two or three tax years after moving back to India

Priyam Chatterjee 6 October 2026

India's tax law gives people who have just moved back a concession ordinary residents do not get. For at least two Indian tax years, someone returning after nine or more years as a non-resident is what the Income Tax Department calls "resident but not ordinarily resident". In that window, income…Read More

Finance Indians in Australia

The Indian savings account you were supposed to turn into an NRO account

Swati Aggarwal 5 October 2026

The Reserve Bank of India's guidance on accounts held by non-residents puts it in one sentence: "when a resident Indian becomes a person resident outside India, his existing resident account should be designated as NRO account." The rule is written into the Foreign Exchange Management (Deposit)…Read More

Finance

The same $200 sent to India can cost $40 or less than nothing, and the World Bank has the receipts

Tina Dayal 28 September 2026

Four times a year the World Bank surveys the remittance market and records what it costs to move money along the corridors it tracks. Australia to India is one of them. The latest corridor figures...Read More

Finance Immigration

The Super You Leave Behind: What Happens to Your Money if You Ever Go Home

Staff Writer 3 August 2026

Thousands of Indian-Australians will one day face a choice about their superannuation, and most discover the rules at the worst possible moment: after they have left.Read More

Australia Finance Indian News News

Indian-Australian remittances Double to $7.3B a year

Divya Mangal 5 July 2025

It wasn’t part of any government plan, nor did it make headlines or spark tributes. But quietly, through school fees, hospital bills, property investments, and temple donations, Indian-Australians, along with millions of others in the global diaspora, helped send a record $135.46 billion to India in FY2024–25. According to the Reserve Bank of India, this figure marks a 14% rise from the previous year and confirms India as the world’s largest recipient of remittances, ahead of China and Mexico.Read More

Australia Finance Handpicked

Rising Mortgage Defaults in Australia – A Looming Challenge for Indian Entrepreneurs

Daisy Akhtar 23 September 2024

Sydney, Australia – As mortgage defaults in Australia are set to surpass pandemic peaks, the financial landscape is becoming increasingly challenging for many, including Indian small business owners who have significantly contributed to the Australian economy. According to a recent report by Moody’s Ratings, the number of Australians late on home loan repayments by more […]Read More

Finance Life & Style

The Secret Lives of Wallets: Why We Hide Our Money Habits

Divya Mangal 23 November 2023

Money is often termed the ‘root of all evil,’ but perhaps it’s better framed as the root of all secrets. Whether it’s concealing the real cost of a new purchase or downplaying how much we earn, there’s something about financial matters that turns many of us into fibbers, both big and small. Why do we […]Read More

Australia Finance Real Estate / Property

The Seller’s Guide: Ten Crucial Tips for Offloading Your Australian Property

Chirag Thakkar 23 November 2023

Navigating the Australian property market can be a daunting task, especially when you on the selling side of the transaction. A myriad of considerations, from setting the right price to understanding the legal obligations, can make the process feel overwhelming. But fear not; here are ten critical things you must know to ensure a smooth […]Read More

Finance

The Financial Perils of Being Overly Frugal: Why Stinginess Can Backfire

abhilash david 21 November 2023

The age-old debate surrounding financial prudence often pits the older, ‘stingier’ generation against the younger, ‘reckless’ one. While frugality is generally lauded as a virtue, there is a point where being too stingy can actually be detrimental to your financial health. So, where does the middle ground lie, and how can being overly cautious with […]Read More

Category : Finance

Gift money to parents in India: what is taxed, what is not, and why it must go through a bank

RNOR status: the two or three tax years after moving back to India

The Indian savings account you were supposed to turn into an NRO account

The same $200 sent to India can cost $40 or less than nothing, and the World Bank has the receipts

The Super You Leave Behind: What Happens to Your Money if You Ever Go Home

Indian-Australian remittances Double to $7.3B a year

Rising Mortgage Defaults in Australia – A Looming Challenge for Indian Entrepreneurs

The Seller’s Guide: Ten Crucial Tips for Offloading Your Australian Property

Puppy Yoga in Melbourne: Stretch, Unwind and Enjoy Puppy Playtime with Yoga Paws

Dowry abuse in Australia is written into family violence law. Here is what that means

The dal on your plate may be Australian: India is now the biggest buyer of Australian lentils

Hindu temple etiquette: what Australia’s temples themselves ask of first-time visitors

Puppy Yoga in Melbourne: Stretch, Unwind and Enjoy Puppy Playtime with Yoga Paws

Dowry abuse in Australia is written into family violence law. Here is what that means

The dal on your plate may be Australian: India is now the biggest buyer of Australian lentils

Hindu temple etiquette: what Australia’s temples themselves ask of first-time visitors

Struggling to currently sell one multi million dollar home

Lopez has reportedly added to her real estate holdings an eight

The loss is not all that surprising given

Early tourists choices to the sea of Maldives in fancy dresses and suits

Category : Finance

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