If you’re an Overseas Indian, you should know about the Non Resident External Account and its key benefits to your Indian financial affairs.
NRI Legal Services Guides and Insights
NRI legal services help Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) manage legal, property and documentation matters in India from the UK. These guides cover selling, buying and inheriting Indian property, Power of Attorney, PAN, OCI and the compliance rules that apply when you live in the UK but hold interests in India. Start with the main service areas, or browse the full list below.
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All NRI legal services guides
NRI OCI PIO – FEMA Act & Assets In India
Acquisition and transfer of immovable property in India by NRIs / PIOs / Foreign Nationals of Non-Indian Origin is regulated by the Foreign Exchange Management Act, 1999. Popularly referred to as FEMA Act. This segment continues from our last article(s) Buying Indian...
Overseas Indian, Buying Indian Property
Following on from our last segment - Repatriation of sale proceeds from sold property in India. We now look at another area of property in India, specifically; buying property - as an Overseas Indian. Broadly speaking, from our previous segments on immovable property...
PAN Card – Useful Information
In view of our last segments discussing PAN Card for NRI, OCI, we look at some further useful information that may apply to you. If you’ve missed the most recent segments, you can read them here - Form 49AA, Avoid mistakes. As an NRI, OCI, Non resident of India...
NRI OCI Property – Repatriation of Sale Proceeds
In this article we discuss Immovable assets. Specifically property that an NRI, OCI may sell in India and subsequently require to repatriate proceeds of the sold property. We look at NRI OCI Property - Repatriation of Sale proceeds inline with the guidelines of RBI -...
Agreement of Sale – NRI OCI Real Estate
In our last segment we discussed the purpose of an NRO account in relation to NRI, OCI property - real estate. Below, we discuss Agreement of Sale - NRI OCI. Evidently, it can be said with some confidence that the scope and process involved in repurposing or selling...
NRO Account For NRI OCI Real Estate
The NRO Account for NRI OCI Real estate is an important aspect to consider when required in instances where you are; Acquiring or Selling property which may involve transferring immovable property in India as well. Accordingly, it enables you to manage your...
Determining The Value – NRI OCI Real Estate
Continuing from our previous segment for NRI OCI assets in India, we touch on movable and immovable assets in India. Specifically, as detailed by Income Tax Department Government of India, Acts (WT). Firstly, are there any rules for determining the value - NRI OCI...
Top 5 Mistakes – NRI PAN Card Application
Below you'll find a list of top 5 common mistakes that you can avoid when applying for your NRI PAN Card Application from abroad. This article discusses frequent mistakes where NRI Individuals are attempting to apply for their PAN from abroad incorrectly. To provide...
No Objection Certificate to Transport Ashes To India
Step-by-step guide to getting a No Objection Certificate (NOC) to transport ashes from the UK to India. Learn about documents, fees, and NRI inheritance
Common questions about NRI legal matters
Can an NRI sell property in India without travelling there?
Yes, in most cases, by appointing a trusted person in India through a registered Power of Attorney. The POA is signed in the UK, authenticated for use in India, and stamped and registered in the relevant state. The appointed person can then deal with the sale on the NRI's behalf, within the powers the deed grants.
Do NRIs need a PAN card for property and financial matters in India?
A PAN card is generally needed where an NRI sells property, receives certain income, or files a return in India. It is the tax identification number the Indian authorities use, and is often requested during property and banking transactions. NRIs and OCIs apply on the form for their status.
Can proceeds from an Indian property sale be brought to the UK?
Sale proceeds can generally be repatriated from India, subject to the Reserve Bank of India's foreign exchange rules and any tax deducted at source on the sale. Because tax and exchange rules apply, the position should be confirmed before the sale completes. Whytecroft Ford does not provide UK tax advice, which should be taken from a UK tax adviser.
How Whytecroft Ford can help
NRI matters turn on getting the cross-border sequence right. A document signed in the UK has to be authenticated in the form India accepts, and property, succession and revenue steps have to follow the rules of the relevant Indian state. A step taken in the wrong order stalls the whole matter.
The Whytecroft Ford Indian law team acts for UK-based NRIs and OCIs on property sales and management, Powers of Attorney, inheritance and succession, and Indian documentation such as PAN. To discuss an NRI legal matter with our team, call 0208 757 5751 or use the contact form.