NRE account Archives - Property lawyers in India

June 19, 2020

Repatriation of funds from NRE/NRO Account

Repatriation of funds from NRE or NRO Account

NRIs open NRE/NRO account to manage their funds and for the purpose of repatriation of funds they use these accounts to deposit foreign income or income accruing in India. Repatriation from these accounts means remitting the funds to the country of residence of NRI.The repatriation of funds can be repatriated to the foreign account of […]

January 18, 2018

Convert Saving Account to NRO & NRE account before 31st March 2018

NRIs, PIOs and OCIs are exempted from Aaadhaar Card.It is compulsory in India to link all saving bank accounts with Aadhaar Card. If you still have normal saving accounts in India, it is a compulsion for NRIs too to link it with Aadhaar card by 31/03/2018. To avoid freezing accounts NRIs, PIOs and OCIs need […]

Understanding the Property Transfer Act in India and its Impact on NRIs

IntroductionThe Property Transfer Act, often a subject of great interest for both domestic and non–resident Indians (NRIs), significantly regulates property transactions in India. This legislation governs the transfer of property from one entity to another. Understanding the rights and obligations of NRIs regarding property transactions in India is crucial. Furthermore, the Property Transfer Act plays […]

Family Settlement Agreement to resolve NRI property disputes

Summary NRIs face hardship in resolving property disputes in India while sitting abroad. Most of the NRI property disputes revolve around inheritance, distribution or demarcation of ancestral properties amongst family members. NRIs can enter into a Family Settlement Agreement (FSA) instead of contesting long-drawn litigation battles in the Court. All members must voluntarily enter the […]

Filing Claim Against the Property Developer – Taking Legal Action

IntroductionPurchasing a property is a significant milestone for most individuals. However, the path to property ownership can be challenging, and issues with property developers can arise, leading to the need for legal action. Understanding the essential factors to consider when filing a claim against a property developer is crucial to ensure your rights are protected, […]

Steps to take when your NRI property in India is illegally occupied

Any property situated in India which has been purchased or inherited by any NRI is called NRI Property. And when such property gets encroached by any other person, in other words, when forceful possession of the property is taken by a stranger only with the intention to grab the property of the legal owner, then […]

Repatriation of funds by NRIs – RBI Guidelines, Documents and Tax implications

Introduction:Despite moving overseas, NRIs remain connected to their roots in some form or another. For example, the NRIs often have to take care of their near and dear ones or ancestral properties in India. In another scenario, NRIs earn passive income such as rent and investments in India, and they need this money in their […]

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Repatriation of funds from NRE/NRO Account

Convert Saving Account to NRO & NRE account before 31st March 2018

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Repatriation of funds from NRE/NRO Account

Convert Saving Account to NRO & NRE account before 31st March 2018

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Affiliate Office

Global Footprint

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