Global Indian Solutions https://validator.w3.org/feed/docs/rss2.html Q1. Who is a Non-resident Indian “NRI” ? FAQs Q27. Can the sale proceeds of immovable property be remitted abroad? Q28. Is a NRI/PIO/OCI liable to pay taxes and file its Income Tax Return on Sale of Immovable property in India? Q26. Can a person who had bought immovable property, when he was a resident, continue to hold such property even after becoming an NRI/PIO/OCI ? In which account can the sale proceeds of such immovable property be credited? Q.25. Can NRI/ PIO/ OCI rent out the residential / commercial property purchased out of foreign exchange / rupee funds? Q24. If the immovable property was acquired by way of gift by the NRI/PIO/OCI, , can he repatriate abroad the funds from sale of such property? Q23. Can an NRI/PIO/OCI repatriate the proceeds in case the sale proceeds were deposited in the NRO account? Q22. Can a NRI/PIO/OCI repatriate outside India the sale proceeds of immovable property held in India? Q21. How can a NRI/PIO/OCI make payment for purchase of residential / commercial property in India? Q20. Can a NRI/PIO/OCI/ Foreign national holding an agricultural land / a plantation property / a farm house in India, gift the same? Q19. Can a non-resident gift his residential / commercial property? Q18. Can a non-resident owning / holding an agricultural land / a plantation property / a farm house in India sell the said property? Q17. Can a NRI/ PIO/OCI/ Foreign national sell his residential / commercial property? Q16. From whom can a non-resident person inherit immovable property? Q15. Can a non-resident inherit immovable property in India? Q14. Can a NRI/PIO/OCI acquire immovable property in India by way of gift? Cana foreign national acquire immovable property in India by way of gift? Q13. How many residential / commercial properties can a NRI/PIO/OCI purchase under the general permission? Q12. Are any documents required to be filed with the Reserve Bank after the purchase? Q11. Can a NRI/PIO/OCI acquire agricultural land/ plantation property / farm house in India? Q10. Who can purchase immovable property in India? Q9. How do I invest in Mutual Funds? Q8. Can an NRI invest in Mutual Funds? Q7. Can I open these accounts in any convertible currency? Q6. What are the types of bank accounts available to NRIs? Q5. Who is resident as per Income Tax Act definition? Q4. Who is an Overseas Citizen of India (OCI) ? Q3. Who is a Person of Indian Origin PIO? Home Knowledge Center Why Us? CLIENTELE Real Estate Consultancy Sonu Bhasin News Collaborate with Global Indian Solutions: Taxation And FEMA Consultancy Estate Planning Documentation And Assistance Services About Us Pramod K Misra Anil Puri Copy Arun Kumar Mathur Nilanjan Roy Udyan Ray Tarun Kandhari Anil Puri Anil Puri Sonu Bhasin