It is widely believed that NRIs are eligible to buy any type of property in India. This is in fact incorrect. In the traditional Indian fashion, rules and regulations abound. Continue reading “Beware of these rules before buying property in India for NRIs”

NEW DELHI Aug 10: As heavy rain continues to pound Kerala, large scale damage has been reported from across the state. 24 people have died in landslides triggered by rain since Wednesday. Continue reading “Road splits into two caught on camera”

LONDON Aug 2: The year-on-year rise in UK house prices accelerated in July, a major lender has said, with the cost of the average home at £217,010. Continue reading “UK house prices pick-up in July”

The Indian property market is hot right now. There is no doubt that Indian property could be a strong investment for PIOs/OCIs living abroad in countries like Britain. It is widely believed that NRIs are eligible to buy any type of property in India.

Many people believe that NRI/OCI/PIOs do not have to file income tax returns in India. Unfortunately this is not the case. It is unwise for Non-Resident Indians to neglect tax related matters as something which does not concern them.