In this segment we discuss holding an existing PAN card and how to update PAN card as an Overseas Citizen. The Indian PAN Card contrary to some understanding has been in place since 1972. Today in 2023 it plays an integral role in the financial...
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...
