{"id":6114,"date":"2024-04-28T17:00:36","date_gmt":"2024-04-28T11:30:36","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=6114"},"modified":"2024-04-23T11:42:43","modified_gmt":"2024-04-23T06:12:43","slug":"a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/","title":{"rendered":"A Comprehensive Guide to the Portfolio Investment Scheme (PIS) for NRIs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#Introduction\" title=\"Introduction\">Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#What_is_the_Portfolio_Investment_Scheme_PIS\" title=\"What is the Portfolio Investment Scheme (PIS)?\">What is the Portfolio Investment Scheme (PIS)?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#Getting_Started_with_PIS\" title=\"Getting Started with PIS\">Getting Started with PIS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#Simplicity_and_Documentation\" title=\"Simplicity and Documentation\">Simplicity and Documentation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#Taxation_with_PIS\" title=\"Taxation with PIS\">Taxation with PIS<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#Repatriation_and_Restrictions\" title=\"Repatriation and Restrictions\">Repatriation and Restrictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#Annual_Repatriation_Limit_and_RBI_Approval\" title=\"Annual Repatriation Limit and RBI Approval\">Annual Repatriation Limit and RBI Approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#Got_More_Questions\" title=\"Got More Questions?\">Got More Questions?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#In_Conclusion\" title=\"In Conclusion\">In Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><b>Introduction<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In this article, we&#8217;ll explore the Portfolio Investment Scheme (PIS), a favored investment avenue among Non-Resident Indians (NRIs) seeking to tap into India&#8217;s thriving financial markets. Many NRIs often ponder how to enter the Indian investment landscape, and the PIS scheme offers an elegant solution.<\/span><\/p>\n<p><b>You can also watch our video where I discuss this topic, in case you are not a fan of Reading.<\/b><\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/nlGJuTUuLwI?si=iRuzhd864L31T93V\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_the_Portfolio_Investment_Scheme_PIS\"><\/span><b>What is the Portfolio Investment Scheme (PIS)?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The PIS scheme, or Portfolio Investment Scheme, is a straightforward financial instrument that enables NRIs, Persons of Indian Origin (PIO) cardholders, and Overseas Citizen of India (OCI) cardholders to invest in India&#8217;s stock market and securities. Whether you&#8217;re looking to bring funds from abroad or utilize money already in India, the PIS scheme offers a seamless pathway.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Getting_Started_with_PIS\"><\/span><b>Getting Started with PIS<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Open a PIS Account:<\/strong> To begin, approach your bank and inquire about opening a PIS account. Most public and private sector banks offer this facility.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Demat Account:<\/strong> Once your PIS account is active, the bank will set up a Demat account, intricately linking both accounts for seamless transactions. This is where your purchased stocks will be securely stored.<\/span><\/li>\n<\/ul>\n<p><b>Consult CA Arun Tiwari for more information at \ud83d\udcde 8080088288 or cs@aktassociates.com<\/b><\/p>\n<p><a href=\"https:\/\/pages.razorpay.com\/akt-nri-tax-consulting\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4866 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/C.png-5465.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/C.png-5465.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/05\/C.png-5465-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Simplicity_and_Documentation\"><\/span><b>Simplicity and Documentation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One remarkable aspect of the PIS scheme is its simplicity. The bank handles all the necessary documentation, primarily requiring standard Know Your Customer (KYC) documents. However, it&#8217;s crucial to understand the taxation aspect of PIS.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Taxation_with_PIS\"><\/span><b>Taxation with PIS<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When selling stocks, a Tax Deducted at Source (TDS) will be deducted by the bank, serving as a prepayment of your income tax liability. The TDS rate depends on whether your capital gains are long-term or short-term:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Long-term Capital Gains:<\/b><span style=\"font-weight: 400;\"> For holdings exceeding 12 months, the TDS rate is 10%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Short-term Capital Gains on Securities: <\/b><span style=\"font-weight: 400;\">15% TDS.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Debt Securities:<\/b><span style=\"font-weight: 400;\"> 20% TDS, plus applicable surcharge and education cess.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The remaining balance is credited to your bank account, and you can choose to repatriate it abroad or reinvest it in India.<\/span><\/p>\n<p><a href=\"https:\/\/aktassociates.com\/nri-tax-compliance\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-4769 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/Have-you-received-Online-tax-notice.png-1465.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/Have-you-received-Online-tax-notice.png-1465.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/04\/Have-you-received-Online-tax-notice.png-1465-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Repatriation_and_Restrictions\"><\/span><b>Repatriation and Restrictions<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It&#8217;s important to note that there are restrictions on transferring funds abroad for certain transactions. Investments in listed securities generally allow for repatriation, but options trading falls under a non-repatriable basis. If you&#8217;re investing from your Non-Resident Ordinary (NRO) account, the funds must remain in India, and you cannot repatriate them.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Annual_Repatriation_Limit_and_RBI_Approval\"><\/span><b>Annual Repatriation Limit and RBI Approval<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">NRIs can repatriate up to $250,000 annually without additional approvals by submitting Form 15CA\/15CB. If you wish to repatriate beyond this limit, you must seek permission from the Reserve Bank of India (RBI).<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Got_More_Questions\"><\/span><b>Got More Questions?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you have further queries or seek more information about PIS and its intricacies, please feel free to ask in the comment section. Dive into the Indian stock market and be a part of its growth story with PIS. Remember, your money should work for you, not lie idle.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"In_Conclusion\"><\/span><b>In Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Portfolio Investment Scheme (PIS) provides NRIs with a hassle-free gateway to invest in India&#8217;s dynamic stock market and securities. Compliance requirements are minimal, and the TDS serves as an advance tax payment that can be adjusted while filing your returns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While this isn&#8217;t investment advice, it&#8217;s a simple mathematical fact: Investments often outperform bank FD interest rates over time. So, consider PIS as an attractive option to grow your wealth in India&#8217;s thriving financial markets.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction In this article, we&#8217;ll explore the Portfolio Investment Scheme (PIS), a favored investment avenue among Non-Resident Indians (NRIs) seeking &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"A Comprehensive Guide to the Portfolio Investment Scheme (PIS) for NRIs\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/#more-6114\">Read more<span class=\"screen-reader-text\">A Comprehensive Guide to the Portfolio Investment Scheme (PIS) for NRIs<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":6116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[107],"tags":[1119,1131,1129,1132,1128,1130],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Comprehensive Guide to the Portfolio Investment Scheme (PIS) for NRIs<\/title>\n<meta name=\"description\" content=\"Discover how NRIs can invest in the Indian stock market through the Portfolio Investment Scheme (PIS) for good returns &amp; simplified taxation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/a-comprehensive-guide-to-the-portfolio-investment-scheme-pis-for-nris\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Comprehensive Guide to the Portfolio Investment Scheme (PIS) for NRIs\" \/>\n<meta property=\"og:description\" content=\"Discover the Portfolio Investment Scheme (PIS), your gateway to India&#039;s booming financial markets. 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