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NRI PROPERTY CASES
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Who is Salman Khan's neighbour Ketan Kakkad and why are they fighting a case in Bombay HC? Their property dispute explainedA land dispute between Salman Khan and his neighbor, Ketan Kakkad, has escalated into a lengthy legal battle involving allegations of encro...
The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
Do I need to convert my leasehold DDA flat to freehold to sell it?ET Wealth Reader's Query: I have a DDA flat since 2008, which is leasehold. I now want to sell it. Is it mandatory to convert it to freehol...
US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
Credit cards for NRIs and H-1B workers: Check features, fees, documents required and benefitsNon-resident Indians can now get credit cards in India. These cards offer benefits for spending both in India and abroad. Several banks lik...
West Asia crisis hits Dubai real estate: Will it boost high-end luxury property investment in India?Dubai's property market is experiencing a slowdown due to regional geopolitical tensions. This is causing investors to look towards India f...
NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand noticeAn NRI faced tax issues after a property sale in Pune for Rs 2 crore. The buyer used the wrong TDS form (26QB), causing problems. The Incom...
NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. ...
Ease TDS rules for buying house property from NRIs in Budget 2024The government needs to facilitate ease of transacting and reduce compliance difficulties in buying property from NRIs. This is because a b...
How much TDS should be deducted on property purchased from NRITDS on the purchase of property from an NRI should be deducted from the sale value and the balance amount should be paid to the NRI seller.
Buying NRI property through PoA? Take these precautionsMany NRIs prefer to sell their properties through a Power of Attorney (PoA) by assigning a person to do the property registration formaliti...
Buying or selling property in India? Know all about the tax implicationsNRIs selling house properties in India have to pay tax on the Capital Gains. The tax payable on the gains depends on whether it’s a short t...
- NRIs guide to property received as gift
The set of tax and regulatory implications for properties received by NRIs as gift are vastly different from those received as inheritances
NRIs guide to deal with inherited propertyBuying a property in India is a decision that most NRIs can take after weighing the pros and cons of various tax implications.
Benefits NRI gets by buying property in IndiaIt is advisable to either purchase jointly with a family member resident in India, or to give a power of attorney to some family member who...
- Punjab government for immediate disposal of NRI property cases
In a bid to safeguard the interests of the NRIs in Punjab, state government today directed the officials to dispose their pending property ...