Recent news & event
Grandparents offering to help with a down payment, tuition, or a lump sum gift? Whether it’s taxable depends on exactly who is giving it and how it’s structured. Here’s what NRIs should check before accepting. Quick Summary Gifts from grandparents generally qualify as gifts from “relatives” under Indian tax law, which are exempt from tax…
NRI, NRE, NRO — these terms get used interchangeably, but they mean genuinely different things. Here’s a clear breakdown so you use the right term (and the right account) for the right purpose. Quick Summary NRI (Non-Resident Indian) describes your residency status — who you are under Indian tax and banking rules. NRE (Non-Resident External)…
Buying property from an NRI seller in India? The TDS rules are meaningfully different from a resident-to-resident sale, and getting them wrong falls on you as the buyer, not the seller. Quick Summary When the seller is an NRI, the buyer must deduct TDS under Section 195, at a materially higher rate than the standard…
Buying, inheriting, or gifting property in India all end at the same place: the ownership record has to actually change. Here’s how transfer of property ownership works end-to-end. Quick Summary Property ownership transfers through sale, gift, inheritance, or relinquishment — each has a different document (sale deed, gift deed, succession-linked transfer, release deed) but all…
Ever heard of someone losing property simply because they didn’t check on it for years? Adverse possession is a real legal doctrine in India, and NRI-owned properties are particularly exposed to it. Here’s what to know. Quick Summary Adverse possession allows someone in open, continuous, and hostile possession of a property for a legally defined…
Builder delayed possession by years, or handed over a flat that doesn’t match what was promised? NRIs have two real remedies — RERA and consumer court — here’s how they differ. Quick Summary RERA (Real Estate Regulatory Authority) handles complaints against registered projects for delayed possession, project deviations, and refund/compensation claims — generally faster than…
