by Mukesh Bansal | Mar 24, 2025 | FEMA
A. NRI/OCI Acquiring Immovable Property Through Gift: An NRI or OCI can acquire Indian immovable property as a gift from another NRI, OCI, or a person resident in India, provided the donor is a relative. 1. Type of Immovable Property Received Through Gift: As per FEMA...
by Mukesh Bansal | Mar 20, 2025 | FEMA
NRI Selling Immovable Property in India: Legal & Tax Insights for a Smooth Transaction Understanding the legal and tax framework is crucial for a hassle-free transaction. This guide covers key aspects, including FEMA regulations, TAX implications, TDS deductions,...
by Mukesh Bansal | Mar 18, 2025 | FEMA
FEMA Perspective Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and certain foreign nationals can acquire and transfer immovable property in India under specific guidelines as below: A. Acquisition of Immovable Property by NRIs and OCIs 1. Acquisition...
by Mukesh Bansal | Mar 10, 2025 | FEMA
Residential Status – Multiple Countries with Double Taxation Avoidance Agreements (DTAA) Benefits I. Tax Residency under Foreign Laws After determining their residential status in India, an individual should also assess their residential status according to the local...
by Mukesh Bansal | Mar 6, 2025 | FEMA
Bank Accounts and Deposits for NRIs in India Non-Resident Indians (NRIs) can open various types of bank accounts in India to manage their financial transactions efficiently. These accounts cater to their specific needs and are classified as follows: Non-Resident...
