There are two particular types of accounts that are frequently used by Overseas Indians for their financial transactions in India. The Non Resident Ordinary Account and the Non Resident External Account. In our previous segment we have detailed information about the...
Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is regulated by the Foreign Exchange Management Act, 1999. Popularly referred to as FEMA Act. This segment continues from our last article(s) Buying Indian...
Following on from our last segment – Repatriation of sale proceeds from sold property in India. We now look at another area of property in India, specifically; buying property – as an Overseas Indian. Broadly speaking, from our previous segments on...
In view of our last segments discussing PAN Card for NRI, OCI, we look at some further useful information that may apply to you. If you’ve missed the most recent segments, you can read them here – Form 49AA, Avoid mistakes. As an NRI, OCI, Non resident of...
In this article we discuss Immovable assets. Specifically property that an NRI, OCI may sell in India and subsequently require to repatriate proceeds of the sold property. We look at NRI OCI Property – Repatriation of Sale proceeds inline with the guidelines of...
In our last segment we discussed the purpose of an NRO account in relation to NRI, OCI property – real estate. Below, we discuss Agreement of Sale – NRI OCI. Evidently, it can be said with some confidence that the scope and process involved in repurposing...
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
