Summary This article dives deep into the realm of property investments and management for NRIs, including the concept of NRI property investments and management. The idea of property taxation for NRIs is the key point that puts up to the complex nature of investments in property for NRIs. The Indian property market is very diverse […]
Summary NRIs with ancestral properties in India face property disputes. Mediation and arbitration are cheaper and more efficient alternatives to legal action. India has centres for mediation and arbitration, and judicial reforms aim to strengthen these mechanisms. As an NRI, one must explore the possibilities of mediation and arbitration. Overview of NRI Property Disputes in […]
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 […]
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 […]
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 […]
While investing in real estate projects, the buyers must be cautious to ensure that the developer is genuine. In case of a delay in the delivery of possession, the buyers have various rights against the builder. Therefore, before executing the real estate contracts and making full/part payments to the developer, the buyers must be diligent. […]
IntroductionIt is a fact that the taxes collected plays a dominant role in the growth and development of the Indian economy. All the residents of India pay taxes for their income earned under provisions of the Income Tax Act, 1961. Similarly, The Indian Income Tax Act, 1961 also provides certain conditions for taxation for NRIs […]
The taxation system in India is a fundamental part of the country’s economy. India has a well-structured tax system. From income tax to custom duty, various taxes apply to Indian citizens under the country’s taxation system. Almost all taxes under the taxation system can be primarily classified into direct and indirect taxes. Some of the […]
In today’s world, signing an agreement and entering into a contract is of utmost importance. Therefore, POA is an essential element in every estate plan. Granting a Power of Attorney for delegating all decisions to another one by sharing decision-making power is an easy and legal way. Therefore, to some solve legal issues, POA is […]