Any property situated in India which has been purchased or inherited by any NRI is called NRI Property. And when such property gets encroached by any other person, in other words, when forceful possession of the property is taken by a stranger only with the intention to grab the property of the legal owner, then […]
Introduction:Despite moving overseas, NRIs remain connected to their roots in some form or another. For example, the NRIs often have to take care of their near and dear ones or ancestral properties in India. In another scenario, NRIs earn passive income such as rent and investments in India, and they need this money in their […]
NRIs from USA/Canada facing compliance considerations, if they wish to invest in India, differ from those from other countries. There are many AMCs (Asset Management Companies) in India that allow USA and Canada NRIs to invest in mutual funds in an easy and hassle-free manner. Let’s understand the rules governing USA/Canada NRI investments in India. […]
Banks in India provide various facilities for NRIs to manage their income, investment and transactions in India and the convenience of opening a bank account easily.Among various accounts, the NRO account or Non-Resident Ordinary Account is one such account which helps NRIs to manage their earnings in India. Earnings can be in the form of: […]
Real Estate investment has always been a lucrative option. It still attracts a lot of investors for building on wealth as it promises good returns. Real Estate covers: Housing sector Retail Hospitality Commercial Indian Real Estate sector is also a good option for NRI investors as there is a lot of scope and potential for […]
Indians staying abroad have deep-rooted connections with India. Non-resident Indians or persons of Indian origin staying abroad are given various kinds of facilities in India for investment in property in India. Income from such investment, i.e. the Capital Gains is taxable under the Income Tax Act.Before getting on to understanding the rule of Investment for […]
Property investment in India is popularly thought to be a safe and profitable long-term investment option. It has always been more reliable than investing in stocks. However, the market does face liquidity and other risks from time to time.To avoid such risks involved in the property market as an investment, one must remember the following […]
NRIs, the global citizens of the modern world, do a substantial job in creating a robust and a proficient image of our Motherland in the countries that they reside. They contribute to our economy in various ways; they generate earnings estimated at about $250 Billion. It is not only the quantum of money but rather […]
STEP 1: TRANSFER TITLE OF THE PROPERTY After inheriting the property from your ancestor, the first thing that you must do is transfer the title of the said property to your name. This can be done by the process called ‘mutation of revenue records’. For this you would need a copy of the will; in […]