Traveling ,Gardening & Finance
Traveling ,Gardening & Finance
With property prices rising in recent years, many NRIs say buying a home in India now feels out of reach, costing as much as real estate in global cities. On Reddit, several compared apartments in Mumbai and Bengaluru to homes in Australia or Germany, saying they get better value, infrastructure, and rental returns abroad. With […]
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 […]
Rajesh Mehta, an NRI residing in the United States, is returning to Bengaluru after his five-year H1B visa expires. He owns three properties in the city, next to his child’s school, where he plans to reside; an apartment in the outskirts, which he plans to sell; and a house in Mysore, which he plans to […]
