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...
The NRO Account for NRI OCI Real estate is an important aspect to consider when required in instances where you are; Acquiring or Selling property which may involve transferring immovable property in India as well. Accordingly, it enables you to manage your...
Continuing from our previous segment for NRI OCI assets in India, we touch on movable and immovable assets in India. Specifically, as detailed by Income Tax Department Government of India, Acts (WT). Firstly, are there any rules for determining the value – NRI...
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