Can an NRI gift a property? What are the charges levied on gifted property?

It is possible to gift property by an NRI. But the property should not be agricultural land or any plantation property. No tax is levied on gifts when relatives receive the gifts. But have to pay prevalent stamp duty and registration charges

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 […]

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 […]

Can an NRI gift a property? What are the charges levied on gifted property?

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