IntroductionNon-resident Indians (NRIs) frequently invest in real estate in their home country for diverse purposes, such as future retirement, generating rental income, or capital appreciation. However, when it comes time to sell these properties, they can encounter intricate tax implications governed by Indian tax laws.Understanding the nuances of Indian tax laws on property sales is […]
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. […]
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 […]