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 […]
Tag: nri
HOW CAN AN NRI GET A POWER OF ATTORNEY?
A Power of Attorney is a document that demarcates and lists out the powers that are shared with the Power of Attorney Holder. There can be several types of POA’s such as General POA’s and Special POA. Minor and disqualified individuals by the law cannot provide for a POA. POA’s are used mainly by NRIs […]
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 […]
Real Estate Investing in India – The way to do it
Whatever be the state of the politics or society in a country, real estate investing has a potential attraction element that doesn’t get lowered in the long run. This is something that is of immense interest to NRIs too. India evokes great interest for property investment. The same logic applies to the NRIs too.But NRIs […]
Newsletter January
Close on the heels of the Demonetisation wave in India is the talk about ‘Benami Property’ and the severe crackdown that the government is expected to make on it. Benami Property is the property that is not in your name. As per an earlier benami Property Act of 1988, all property that did not match […]
DEMONETIZATION AND NRIs
There is a common online joke in India these days that the new definition of a Tsunami is the sombre voice uttering -mere pyaare deshvaasiyo… With all the humour that it evokes on a daily basis, it is indicative of the powerful change that the storm named -Demonetisation- has brought into the country in the […]