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NRI PROPERTY PURCHASE OUTSIDE INDIA TAX IMPLICATIONS
Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...- Harry Met Sally star Meg Ryan used to live in this Hamptons home she bought for $13.49 million and sold for $15.25 million with 5 bedrooms, 6,500 sq ft, a pool and multiple fireplacesMeg Ryan has successfully sold her stunning Hamptons estate for an impressive $15.25 million, matching the asking price in under two months...
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
- Buying property from an NRI? Know the new TDS, PAN, and Form 141 rules effective October 1Beginning 1 October 2026, resident Indian buyers will enjoy simplified compliance when purchasing property from non-resident sellers. They ...
- Purchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full reliefRs 70,000 penalty imposed on man for buying property below market value even though he paid the due tax after getting a notice; ITAT Delhi ...
- How John Cena's $525,000 Florida home became a $4 million estate over 20 yearsJohn Cena purchased a Florida home in January 2005 for $525,000, which is now valued at nearly $4 million. Through various renovations, the...
- Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
- TDS norms eased for buying NRI propertyThe CBDT has amended Income-tax Rules, 2026, allowing buyers to deposit and report TDS under Section 393(2) of the Income-tax Act, 2025 thr...
- Johnny Depp's unusual love story with a 41-acre Kentucky estate: Sold for $1 million, bought back for $2 million and again sold for $1.36 millionJohnny Depp’s 41-acre Kentucky horse farm had an unusual journey through the actor’s real estate portfolio. He first bought the property in...
- In 2012, Bank of America acquired a 20,900-square-foot Houston mansion through foreclosure for $2.12 million; 13 years later, after $14 million in renovations, it sold for up to $9 millionIn 2012, Bank of America picked up a 20,900-square-foot Houston mansion through foreclosure. The price was $2.12 million. That works out to...
- CBDT eases TDS compliance for property buyers dealing with non-residentsThe Central Board of Direct Taxes is set to simplify TDS compliance requirements for residents buying property from non-residents. From Oct...
- My sister gifted me Rs 37 lakh from land sale. Will she have to pay income tax?ET Wealth Reader's Query: My sister and I received Rs 37 lakh each from the sale of agricultural land in our native place. She has gifted h...
- US' nips at Moscow may sour India tiesIndia voices strong opposition to potential US tariffs on Russian oil imports. This move could negatively impact India-US relations and glo...
- Rs 1 crore foreign asset limit under FAST-DS 2026: What taxpayers must know about undisclosed incomeFAST-DS 2026 prescribes detailed rules for valuing foreign assets, but how should undisclosed foreign income be computed for the ₹1-crore l...
- Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring sharesWhile giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerat...
- In the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action starIn the 1970s, Arnold Schwarzenegger made his first millions in real estate, before Hollywood turned him into an action star. The actor and ...
- How much money can NRIs transfer from NRO to NRE account in a year?Non-Resident Indians can effectively manage their Indian earnings via NRO accounts. They are allowed to transfer funds to NRE accounts, but...
- Canadian landlord asks tenant to vacate India property for personal use; Punjab & Haryana High Court rules in tenant’s favour; know whyTenant wins eviction case filed by Canadian landlord who cited personal reasons as the need for this property; Know how landlord lost the c...
- Indian property is an NRI favourite—but is it the smartest way to build wealth?For years, buying a home in India has been almost synonymous with investing for many Non-Resident Indians (NRIs). A flat in Mumbai, Delhi, ...
- Returning to India from the UK? Capital gains and inheritance tax may still applyNon-resident Indians should note that leaving the UK doesn't automatically terminate tax residency. Retaining connections might keep your t...
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