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Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI?

Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI?

Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI? Yes. Long-term and short-term capital gains are taxable in the hands of non-residents. If you are an NRI/OCI/PIO, you would have to file your income tax returns if you fulfill either of these conditions: A. Your taxable income in India during the year was above the basic exemption […]

Impact of RERA implementation

Impact of RERA implementation

Impact of RERA implementation: Real Estate (Regulation and Development) Act, RERA is a very significant and crucial law that will impact the entire Real Estate sector in the country. With RERA, transparency and accountability are being introduced in a sector that is widely perceived as big yet unorganized. RERA came into the act after almost a […]

Five Things NRIs Buying Property In India Must Know

Five Things NRIs Buying Property In India Must Know

Five Things NRIs Buying Property In India Must Know Nature of property: NRIs can buy all sorts of immovable properties in India other than agricultural land, farm house and plantation property. To acquire agricultural land/plantation property/farm house in India, they have to get approval from the RBI and the government. Taxation: When an NRI sells […]

Gulf-Based NRI’s May Find Indian Realty Attractive, Here’s Why

Gulf-Based NRI’s May Find Indian Realty Attractive, Here’s Why

Gulf-Based NRI’s May Find Indian Realty Attractive, Here’s Why India is the third largest investor in United Arab Emirates (UAE) with industry giants like L&T, Pioneer Cement and Punj Lloyd bagging new projects in the country. Interestingly, NRIs living in the country, who form a major part of the population, are keenly focusing on newer […]


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