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 […]
Most of the overseas citizens of India generally inherit a piece of land or property in India from their parents or grandparents, and only a handful have any knowledge. Almost none have any ownership documents or have done a title search of the property, upon which they have a legal right.When the property owner is […]
Property disputes form the majority of cases that clog our judiciary. Around 66% of all cases are property-related litigations. There are numerous types of property disputes in India. The majority of the disputes relate to the title of the immovable property. When a person has a good title over the property, it infers that such […]
Property law in India is a vast subject. It is a study under various statutes like The Transfer of Property Act, The Indian Contract Act, Registration Act, Indian Stamp Act, RERA, Land Acquisition laws, etc. Apart from these, for NRIs, special rules and regulations are provided under FEMA by RBI.Property can be moveable, immovable, tangible or […]
NRIs need a POA to manage their assets in their absence as it helps to complete transactions and avoid delays.
Property investment in India is popularly thought to be a safe and profitable long-term investment option. It has always been more reliable than investing in stocks. However, the market does face liquidity and other risks from time to time.To avoid such risks involved in the property market as an investment, one must remember the following […]
The Government has temporarily dismissed its earlier notification regarding the closure of Public Provident Fund (PPF) accounts of NRIs that was issued last year.According to the new office memorandum released by the Department of Economic Affairs (DEA) on Feb. 23, the earlier notification about the closure of PPF accounts has been provisionally removed. “It has […]
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 […]