What are the documents needed for ITR purposes for income arising from business and profession for an NRI?

Besides PAN card, Copies of Passport and Immigration stamp, business income and the Balance sheet and Profit and loss statement, etc., are the documents needed to assess.

NRI Property Disputes – Resolving Disputes Amicably: Mediation and Arbitration Options

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 […]

Common Landlord-Tenant Disputes: Rights, Solutions, Settlement and Eviction process

Landlord-tenant relationships are fundamental to housing and rental markets across India. However, disputes and conflicts often arise between landlords trying to protect their property and assets and tenants fighting to assert their occupancy rights and demand habitable living conditions. Key factors like skyrocketing urban housing costs, limited rent control, gaps and ambiguity in tenancy laws, […]

NRI Demat Accounts and Regular Demat Accounts in India – Understanding The Differences

Introduction:Demat accounts play a crucial role in the Indian financial landscape, serving as a repository for securities in electronic format. Whether you are a resident Indian or a Non-Resident Indian (NRI), having a demat account is essential for trading and investing in the stock market. However, there are distinct differences between a regular demat account […]

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 […]

FAQ Category: Income Tax

What are the documents needed for ITR purposes for income arising from business and profession for an NRI?

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