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 […]
IntroductionThe Property Transfer Act, often a subject of great interest for both domestic and non–resident Indians (NRIs), significantly regulates property transactions in India. This legislation governs the transfer of property from one entity to another. Understanding the rights and obligations of NRIs regarding property transactions in India is crucial. Furthermore, the Property Transfer Act plays […]
Gifting a property is a kind gesture, and it is better to be aware of tax implications for gifting a property.We had a case where Mr Bhushan, an NRI was gifted with land situated in India by his father, a resident Indian. He wanted to know: If a land in India can be gifted by […]