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In the past couple of years India has seen a sea change in its economic reforms. There has been a substantial growth in GDP and a major reform in the form of demonetization has accentuated mainly on the existing tax systems. Under the current government GST has been introduced and established as the only tax […]
Introduction With the current trend of the Indian economy, it has been predicted that investment in the real estate sectors will yield higher returns than any other sectors. Investing in properties and real estate is safe and also offers great returns. Especially for the Non-Resident Indians residing abroad finds it the best place to invest […]
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: 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 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 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 […]
