Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
Rajesh Desai, an NRI, purchased an apartment in Bengaluru for ₹1.5 crore. He complied with Foreign Exchange Management Act (FEMA) rules by making payments through his Non-Resident External (NRE) account. Since the transaction involved a resident seller and exceeded ₹50 lakh, 1% Tax Deducted at Source (TDS) was deducted. RBI approval was not required, as […]
When selling property in India, the tax implications extend beyond Indian borders. While India taxes the capital gains from the sale, NRIs must also consider how these gains are treated in their country of residence, particularly in the United States, the United Kingdom, and Singapore, which have different rules on foreign income and double taxation […]
