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 […]
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 […]
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 […]
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 […]
NRIs, PIOs and OCIs are exempted from Aaadhaar Card.It is compulsory in India to link all saving bank accounts with Aadhaar Card. If you still have normal saving accounts in India, it is a compulsion for NRIs too to link it with Aadhaar card by 31/03/2018. To avoid freezing accounts NRIs, PIOs and OCIs need […]