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Latest Questions

Q: DO NRIs need PAN card to sell property in India?

A: It is not mandatory for an NRI/PIO to have a PAN to do property transaction, PAN is required to repatriate the sale proceeds of the property out of India.

Q: Can NRI sell inherited property in India?

A: An NRI can either gift away the inherited property or sell the same and remit money outside India. The NRI can gift the inherited property, only to a person who is resident in India or an NRI or PIO.

Q: Can NRI sell property in India without Aadhar card?

A: As per the rule 114C, it is not compulsory for an NRI/PIO to have an Aadhar card for selling his/her property in India. NRI can sell the agricultural land only to the Indian resident that too under...

Q: I have PIO card issued in 2011like apassport type prints. is it valid to travel to India?

A: *The government of India has notified that all existing PIO card holders shall be deemed to overseas citizens of Indian cardholder (merger of PIO to OCI) *Until applicants are in receipt of an OCI...

Q: Can NRIs sell the properties they hold in India without RBI permission?

A: Yes, NRIs can sell the properties in India without RBI permission.

Q: How can NRIs do the sale/transfer of shares held by them with repatriation benefits?

A: In the case of shares /debentures /bonds acquired by NRIs through stock exchanges under the Portfolio Investment Scheme, general exemption has been granted for transfer through stock exchanges...

Q: Are NRIs permitted to transfer/sell their shares held on non-repatriation basis to resident freely?

A: Yes. General exemption has been granted by Reserve Bank for transfer/sale of shares/debentures/bonds by NRIs/OCBs through stock exchanges if such transfers are made in favor of an Indian citizen or...

Q: Can residential property be sold by NRI without the permission of RBI?

A: Yes. Reserve Bank has granted general permission for sale of such property. However, where the property is purchased by another foreign citizen of Indian origin, funds towards the purchase...

Q: Can home/land be sold by NRI without the permission of RBI?

A: Yes, the RBI has granted general permission for sale of property. However, where another foreign citizen of Indian origin purchases the property, funds towards the purchase consideration should...

Q: How to calculate long-term capital gains on sale of property by NRI?

A: Whether there was any income or if the property sold was ever rented has no bearing on the calculation of long-term capital gain. To calculate capital gain the price at which the property was...