India’s agricultural realm not only sustains its economy but also significantly contributes to employment and food production. As we delve deeper, you’ll unearth the pivotal role of agricultural land in India and its consequential impact on the nation’s socio-economic fabric. Decoding Capital Gains on Agricultural Land Sales Considering selling your agricultural land? Let’s elucidate what […]
Contemplating selling or renting out your home? Naturally, you’d want the most lucrative deal. Often, homeowners face negotiations or demands for discounts. But worry not! With these effective strategies, elevate your home’s value and make it an irresistible choice for potential buyers and tenants. Invest in Landscaping Landscaping can significantly influence first impressions. A neglected […]
The Unique Identification Authority of India has come up with a plan to allocate unique numbers to all citizens. This is done after the biometric data of the population has been collected and stored. OCI (Overseas Citizen of India) Aadhaar card is also an important document for NRI (Non-Resident Indian) to qualify for an Aadhar […]
Owner of any property has following rights on the property – Right to use Right to sell Right to Mortgage Right to rent If the owner wants to transfer one or more of these rights, he needs to enter into a deed. Depending on the kind of transaction, a deed is prepared. Transfer all the […]
While buying property from NRI, the buyer must deduct TDS while making payment to the seller. This TDS has to be deposited with the income tax department. The remaining amount can be paid to the seller. The TDS should be deducted not only on the final amount but on every instalment paid to the seller. […]
A person resident outside India (PROI) who is an Indian citizen is referred to as a Non-Resident Indian (NRI). Whereas, an Overseas Citizen of India(OCI) is a person who lives outside of India who is registered as an OCI under the provision of Section 7A of the Citizenship Act, 1955. Rule 24 and 25 of […]
