Apr 10, 2023 | Indian Law, Indian Law Weekly Round-Up, NRI Legal Services, OCI, PAN, Power of Attorney, Taxation
There is considerable lack of clarity about whether or not there is a difference between a Foreign Citizen and Indian Citizen PAN Card. Further, there is a vast amount of information online attempting to answer this question. However, it is still unclear. In this...
Jan 5, 2023 | Indian Law, Indian Law Weekly Round-Up, NRI Legal Services, OCI, PAN, Power of Attorney
There are two particular types of accounts that are frequently used by Overseas Indians for their financial transactions in India. The Non Resident Ordinary Account and the Non Resident External Account. In our previous segment we have detailed information about the...
Dec 12, 2022 | Indian Law, Indian Law Weekly Round-Up, NRI Legal Services, OCI, Power of Attorney
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...
Dec 10, 2022 | Indian Law, Indian Law Weekly Round-Up, NRI Legal Services, OCI, PAN, Power of Attorney, Real Estate, Wills, Probate & Trusts
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...
Dec 5, 2022 | Indian Law, Indian Law Weekly Round-Up, NRI Legal Services, PAN, Power of Attorney, Taxation
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...
