NRI Taxation

If you are holding an Indian PAN Card and have not linked your Aadhar to the PAN in the Income Tax Portal, there is a high chance of you getting a mail with the caption FW: NPXXXXXX0M – PAN-Aadhaar Linking Campaign In this campaign from the tax department, they have …

*Can an OCI Cardholder sell a property in India?* this question was repeatedly asked by many of my NRI/OCI friends over the last year. This question arose based on Supreme Court judgment which mentioned that OCI’s require RBI approval for sale of property in India. Based on this I wrote …

This is a hot subject which requires your attention, please! Section 139AA of the Income Tax Act makes it mandatory for every individual who has a PAN to link it with the Aadhar number. Every rule has certain exceptions. As per the Notification issued by CBDT in 2017, the provisions …

As per the amendment in PMLA rules by the Government, all bank accounts should be linked with Aadhaar before 31st Mar 2018; failing which the accounts will become inoperative till the time the Aadhaar number is submitted and linked to the accounts. So, what about NRIs who are not having …

Why PPF find a place in the investment portfolio of every investor? Simple, the investment in PPF is eligible for deduction u/s 80C of the Income Tax Act (means, if you invest in PPF, you pay less tax), interest earned is exempt from tax (unlike, bank Fixed Deposit interest which …

Here is a live case! I just finished a call with Mr.Amar, an NRI staying in USA. I understood from him that he has a flat in Koramangala, which was bought in 2011 for Rs.80 Lakhs which he now intends to sell for 1.52 Crores. Our talk went as under …

Among the many apprehensions that NRIs’ have about investing in property in India, one is about the ways and means of repatriating funds back to their country abroad, after the sale of a property. Any NRI investor, while investing in property in India, should ideally chalk out the process from …

Mr. Abrahim an NRI living at UK is corresponding with me regarding the capital gain tax on sale of property in Bangalore. Here are his queries and my answers – Dear Mr. Abrahim, I am an NRI seller. I want to sell my house in Bangalore and reinvest it in …

  I come across many queries about acquisition of purchase by Non Resident Indians (NRI) or Person of Indian Origin (PIO) or Overseas Citizenship of India (OCI). Most recently, I have been asked a specific question – Can an NRI buy a coffee plantation? Maybe NRIs have sufficiently invested in …

  Purchase of property in India from Non-Resident Indians (NRI) is a bit tricky when compared to buying it from Resident Indians.   TDS at the time of buying the property – You may be aware about Tax Deduction at Source (TDS) to be done at the rate of 20.6% …