UK citizens who are Indian by origin, also known as British Indians, maintain and inherit property as well as hold financial interests in India. It is also common for UK Indian’s to hold multiple asset interests in India. In this segment we consider the importance of...
In this segment we discuss holding an existing PAN card and how to update PAN card as an Overseas Citizen. The Indian PAN Card contrary to some understanding has been in place since 1972. Today in 2023 it plays an integral role in the financial...
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...
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...
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...
