Tag Archives: NRI

TDS on rent of 50000 per month

If you are an individual, taken a house / flat on a monthly rent of Rs.50000, you have to deduct tax (TDS) at the rate of 5% and pay it to the government. Are you aware of this TDS provision on Rent? If not, here you go- A new Section …

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Can an NRI purchase a coffee estate in India?

  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 …

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