Growing real estate prospects in India have resulted in a spike in property purchases by non-residents and persons of Indian origin (POA) in the country. India’s banking industry has been instrumental in supporting this … READ FULL STORY
The Indian economy is poised to touch $5 Tn mark by financial year 2024-25 and capitalise to double to $10 Tn by the end of this decade. This growth is grabbing the attention of … READ FULL STORY
PPF, or Public Provident Fund, is a long-term savings and investment option in India that offers attractive interest rates and tax benefits. Although primarily designed for Indian residents, NRIs or Non-Resident Indians can also … READ FULL STORY
Non-Resident Indians (NRIs) who have investments in India can open an NRI account to manage their finances and investments. Those residing outside India for over 120 days in a year and if have spent … READ FULL STORY
Buying a property is a huge investment in one’s life and calls for financial planning and due diligence. The property market comprises the primary market, comprising of new or under-construction units, and the secondary … READ FULL STORY
Under the Indian income tax (IT) laws, a property owner is liable to pay taxes to the government on its sale, based on the holding period and profit earned (known as capital gains). The … READ FULL STORY
If you are renting a property, you must sign a rent agreement with your landlord and will be bound by the terms and conditions of this contract. If your house landlord is a non-resident … READ FULL STORY
July 20, 2023: Non-resident Indians (NRIs) and foreign citizens whose permanent account numbers have been made inoperative because those were not linked with Aadhaar, should submit documentary proof of their residential status with their … READ FULL STORY
Positive consumer sentiments and growing demand for space have propelled the Indian real estate industry’s steady post-pandemic recovery. Factors contributing to this include rising income level, rapid urbanization, and spike in interest, driven by … READ FULL STORY
Just like anyone who owns property in India, non-resident Indians, too, are free to give their property to others. Like Indian citizens, they will be liable to pay stamp duty and registration charges to … READ FULL STORY
Laws governing property ownership by non-residents in India are not only different from the laws governing residents, they are also quite complicated. Even though there is a wide range of assets that NRIs can own … READ FULL STORY
The Covid-19 pandemic has disrupted economies the world over and India is no exception. With the decline in the Covid-19 cases, the real estate sector in India has started reviving and residential sales have … READ FULL STORY
If an NRI has a property in the country which he have given out to let, there are certain points he must be mindful of. Taxation on an NRI’s rental income follows specified legislation, … READ FULL STORY
