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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...

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 gold jewelry be taken on the transfer of residence?

A: No, gold jewelry cannot be taken under transfer of residency, transfer of residence allows duty-free import of used household goods. The only duty-free allowance that can be availed when it comes...

Q: Me and my husband staying in Muscat but i have his poa but with attestation not registred can i use that poa to transfer the property or sale tge property

A: No, you cannot sell or transfer property without attestation of POA at Indian consulate. and the procedure to POA attestaion is Guidelines for Attestation of Documents Embassy performs...