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GIFT DEED BY NRI
Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
- You are a US citizen and inherited property in India; here's what you have to do next
- Mumbai gets 100% digital property mutation portal: Here's how to apply online from home and skip Tehsildar and Collector office visitsOnline Property Mutation: Maharashtra Revenue Minister Chandrashekhar Bawankule has launched a new digital portal, epsitmumc.mahabhumi.gov....
- I inherited property in India. What documents do I need to sell it and repatriate the money in UK?ET Wealth Reader's Query: I have been living in the UK with my family for the past 50 years and all of us have OCI cards. Which documents d...
- Rs 80 lakh gift from brother-in-law lands man in tax trouble; here’s how he won the caseA UAE resident received Rs 80 lakh as a gift from his brother-in-law. The tax department issued a Rs 69 lakh tax demand. However, the Incom...
- Gurgaon: New York-based man's plot sold for Rs 10 cr through a fake brother & gift deedA case for fraud was registered in Gurgaon after Manish Kumar and his associates from Punjab were accused of cheating Gaurav Narula, an New...
- How to ensure that my flat is transferred to my wife and daughter after my death?I own a flat in Mumbai. I want to ensure that in my absence it passes smoothly to my wife and daughter. I am planning to write a will for t...
- Income tax on gifted property: NRI step-brother to pay zero income tax on Rs 7.5 crore propertyThe ITAT Mumbai ruled that a gift from a stepsister to her stepbrother is exempt from income tax, overturning the tax department's addition...
- When is a cash gift from NRI relatives taxable for resident Indians?The Income Tax Act of 1961 (IT Act) determines whether gifts received by Non-Resident Indians (NRIs) are taxable and is administered by the...
- NRI Investing Guide: Are you legally allowed to buy agricultural land in India?NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roo...
- Tax implications of gifting bank account, demat account and PPF to 18-year-old sonReaders taxation-related queries answered by experts.
- I have a monthly recurring deposit of Rs 20,000. Will I have to pay income tax annually?There is an option available to offer interest income for tax on accrual basis or receipt basis, at the discretion of the assessee. In case...
- How NRIs can inherit immovable properties in India: Rules and methodsIt is important to realise that wealth plans and bequeaths having overseas application are highly complex and regulated. They are governed ...
- Tax Queries: Long-term capital loss can only be set off against LTCGDilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.
- Realty queries: What should NRIs keep in mind while investing in Indian real estate?Every week, an expert selected by ET answers queries from our readers on real estate.
- An NRI's guide to investing in property in IndiaRBI's regulations are fairly easy and no prior permission is required from the authorities. The rules for property transaction fall under F...
- How NRIs can transfer title of inherited propertyDealing in Indian real estate matters, especially if you have lived outside the country for a long time can be a nightmare.
- Do you need to pay tax on receiving a gift?If value of the gifts received by you during a year is above Rs 50K, you will have to pay tax on it. However, there are few exceptions to t...
- 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.
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