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Q: Is life certificate required to sell property in India with Power of Attorney(POA)?

A: While each state may have their own registration rules, when a document is presented for registration through Power of Attorney [POA] the Sub-Registrars are required to reasonably satisfy...

Q: Can green card holders parent buy agricultural land in India?

A: An NRI can acquire by way of purchase any immovable property (other than agricultural land/ plantation property/ farm house) in India.

Q: Will Australian pension be taxed in India on becoming resident of India?

A: India and Australia have signed a Double Tax Avoidance Treaty [DTAA] to protect their citizens from double taxation of the same income. Under the India/Australia DTAA agreement, pensions (not...

Q: Am I a NRI for tax if stayed out of India for 190 days?

A: Residential status for taxation purposes in India is determined under the rules set out in Section 6 of the Income Tax Act, 1961-2016. The rules specify that a person would be resident in India if...

Q: How to claim TDS tax refund in India for previous taxation years?

A: Claiming refunds for the past 2 years is standard and allowed without any conditions. Indian Income Tax department vides its CIRCULAR 9/2015 [F.NO.312/22/2015-OT], DATED 9-6-2015 has clarified the...

Q: What are the taxes to be paid when transferring property to a relative in India?

A: Taxes involved when transferring property by way of gift Tax rules vary in India depending on the State in India where the property is located. As mentioned property can be transferred by executing...

Q: Can NRIs and OCI holders get bank loans in India?

A: Yes! NRIs, OCI holders can get loans from Indian banks as long as they qualify for the loan. Generally, home loans for properties located in India are what OCI holders usually apply for. As long as...

Q: How to save capital gain tax on inherited property in India?

A: Yes! capital gain tax can be saved by re-investing the capital gain from the sale of property. •NRI’s, OCI and Persons of Indian Origin [PIO] can repatriate sale proceeds of property they inherit...

Q: TDS rules on property purchase in India by NRI?

A: As an NRI giving money to your wife or purchasing flat in your wife’s name should not cause any tax burden on your wife. As far as TDS on property, this applies when property is sold. The way this...

Q: How can minor children sign on OCI application?

A: In case of minors who cannot sign, the process when applying for OCI is that the left thumb impression needs to be upload.