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In case you have property in India, you can choose to liquidate it if that suits your future financial interests. However, there is no hard-and-fast rule about holding or selling real estate once you have your NRI status. You can hand the Power of Attorney (PoA) to an Indian resident ...
Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not taxable in India. But if an NRI earns income in India, in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in...
Q. CAN A NRI/PIO ACQUIRE AGRICULTURAL LAND/PLANTATION PROPERTY/FARM HOUSE IN INDIA?+_ Q. TAX ON INCOME FROM IMMOVABLE PROPERTY SELLING/RENTING+_ Q. DOES CAPITAL GAINS TAX (CGT) APPLY TO NRI/PIO/OCI?+_ Q. HOW IS RATE OF CGT COMPUTED?+_ ...
The Groworth team got me Lower Tax deduction certificate at a rate of 1.36% for a Mumbai property which I was selling. The law requires TDS to be deducted at 20%. It was a big relief to us! Piyush Patwardhan, Dubai Every year as I came to India during vacations, most of the ti...
The only income earned from selling an asset in a financial year where TDS has been deducted are not required to e-file income tax return for that year. What is the last date of filing income tax return in India? For NRI's, July 31st is the last date toE-file income tax returnin ...
Indian Rupee account for your income earned in India i.e. Sale of property, Rent, Dividend, Pension, etc. Hassle-free banking and funds transfer anywhere in the world with minimum documentation post payment of applicable taxes. Appoint your loved ones in India as a Mandate holder so that the...
However, selling of property comes with some restrictions by FEMA (Foreign Exchange Management Act), especially in case of repatriation transactions. So, you need to plan things well in advance by hiring a professional who will guide you with all the legal documentation and procedures at the time...
Indian Origin Card(if you are aPIO,NRIdo not require a PIO card) that puts you on a par with an Indian as far as business and tax matters are concerned. Among other benefits, a PIO has visa-free entry for 15 years and allows you to engage in business and own property, like any ...
After selling our family home in Delhi, we used the services of Ushma Jain to transfer funds to Canada. Ushma was highly efficient, prompt and timely in all our dealing. I was impressed by her knowledge and thoroughness in all NRI related tax activities. This is an Ideal way for young In...