NRIs, the global citizens of the modern world, do a substantial job in creating a robust and a proficient image of our Motherland in the countries that they reside. They contribute to our economy in various ways; they generate earnings estimated at about $250 Billion. It is not only the quantum of money but rather […]
STEP 1: TRANSFER TITLE OF THE PROPERTY After inheriting the property from your ancestor, the first thing that you must do is transfer the title of the said property to your name. This can be done by the process called ‘mutation of revenue records’. For this you would need a copy of the will; in […]
If you are an NRI (non-resident Indian) looking to link your Aadhaar card, you need not worry. As per the government criteria, NRIs do not have to link their Aadhaar for banking, mobile and other services. Aadhaar is only for residents of India. NRIs are not eligible to get Aadhaar. The service providers like banks […]
While immovable property generally refers to a property that is fixed to earth such as a house; an agricultural land usually refers to such a land which is devoted to agriculture, and the controlled and systematic rearing of livestock along with the production of crops, in order to produce food for humans. Thus, it is […]
A PAN is mandatory for every individual who is required to file a return, and also for those who want to carry out a financial transaction for which the quoting of PAN is necessary. An NRI (non-resident Indian) also requires obtaining a PAN if he falls into either of the above categories. The procedure to […]
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 […]
According to the Election Commission of India, the prerequisites for contesting an election are as follows – The individual should be a citizen of India The individual should be registered as a voter Should be over the age of 25 years for Lok Sabha and State Legislative Assembly elections and 30 years for Rajya Sabha […]
A Power of Attorney is a document that demarcates and lists out the powers that are shared with the Power of Attorney Holder. There can be several types of POA’s such as General POA’s and Special POA. Minor and disqualified individuals by the law cannot provide for a POA. POA’s are used mainly by NRIs […]
Many people would have wondered what impact would demonetisation have over the real estate industry in India. Well, after all, it is no secret to us that whenever a property is sold either inherited or personal the first thing people talk about is “kitna black aur kitna white?”. From the day demonetisation was implemented the […]