If you are an NRI (non-resident Indian) looking to link your Aadhaar card, you need not worry. As per the government criteria, NRIs do not have to link their Aadhaar for banking, mobile and other services. Aadhaar is only for residents of India. NRIs are not eligible to get Aadhaar. The service providers like banks […]
Category: Nri
Purchase of Immovable Property and Agricultural Lands by NRIs
While immovable property generally refers to a property that is fixed to earth such as a house; an agricultural land usually refers to such a land which is devoted to agriculture, and the controlled and systematic rearing of livestock along with the production of crops, in order to produce food for humans. Thus, it is […]
How to apply for PAN card in India if you are an NRI
A PAN is mandatory for every individual who is required to file a return, and also for those who want to carry out a financial transaction for which the quoting of PAN is necessary. An NRI (non-resident Indian) also requires obtaining a PAN if he falls into either of the above categories. The procedure to […]
Can NRI Contest Elections in India?
According to the Election Commission of India, the prerequisites for contesting an election are as follows – The individual should be a citizen of India The individual should be registered as a voter Should be over the age of 25 years for Lok Sabha and State Legislative Assembly elections and 30 years for Rajya Sabha […]
Do NRI’s Require Pan Card to Sell Property in India?
Property is an important resource, and for ages, it has been an exceptionally time-consuming and taxing process to sell property in India from overseas. One faces procedural difficulties only due to the dearth of accurate information regarding the process. But in order to encourage greater investment in the real estate sector, the Indian Government has […]
The Indian Diaspora- Heroes in Disguise
According to the Ministry of Overseas Indian Affairs (MOIA), millions of Indians settled outside of India, not only generate earnings estimated to be around $250 Million, but they also actively engage in raising the Indian Economy. One of the most significant methods is sending remittance, which added up to $70 Million last year, especially in […]
TAX ON CAPITAL GAINS FOR NON-RESIDENT OF INDIA
Many people would have wondered what impact would demonetisation have over the real estate industry in India. Well, after all, it is no secret to us that whenever a property is sold either inherited or personal the first thing people talk about is “kitna black aur kitna white?”. From the day demonetisation was implemented the […]
The Safety Net – National Pension Scheme for NRIs
The various appealing investment options that are available in India have made it a preferred investment centre for NRIs. With an increase in the prominence of India as a player in the world’s economy, the investment options for NRIs have increased. The prevailing belief that Indian businesses offer high profits with minimal efforts has increased […]