can nri buy land in india?
483599
Though RBI has given general permission to the NRIs to purchase immovable properties in India, the permission does not grant power to acquire any and every property in India. The NRIs are allowed to purchase only residential or commercial property. So NRIs cannot purchase any agricultural land or plantation property.
741226
If you are a Non-Resident Indian (NRI) and have currency of Rs 500 and Rs 1,000 you can deposit them in your NRO account. There is no limit on how much you can deposit. The same rules will apply to these accounts as the regular savings bank accounts.
962064
As an NRO account holder you can buy and sell equities in customer can trade in NRO account without reporting to RBI as a normal accounts. NRE PINS account allows transactions where the funds can be repatriated into foreign currencies.
805658
However, countries like the US, which levy tax on global income of its residents and citizens will tax this income. So while interest on NRE and FCNR accounts maybe tax free in India, a US resident or citizen would have to add this interest to his total income in the US tax return and pay taxes thereon.
742884
1% TDS on sale of property for NRIs. As per the Indian Income Tax Act, when a resident purchases any property from a non resident, he has to deduct income tax (TDS) and pay the balance amount to the seller. ... TDS must be deducted at the time of making the payment to the NRI.
195953
Yes, you can withdraw money from your NRE account in India. You can even withdraw money abroad from your NRE account. ... However, you can only deposit a foreign currency into your NRE account, you cannot deposit INR.
262493
Yes, it is absolutely legal to earn money through QNET in India. QNet is a direct selling company that sells its' products through independent representatives and distribute marketing and advertising commissions among them.
652782
['Real Estate Mutual Funds: There is only one real estate fund in India. ... ', 'REITs: After physical property, REITs is the next best alternative of investing in real estate sector. ... ', 'Shares of Real Estate Companies: This is also a decent alternative of investing in real estate sector.']
259558
In NRE Recurring Deposit Scheme, the money for deposit comes only from Non - Residential External Accounts. Most banks in India allow NRE Deposits for a minimum tenure of 1 year and the amount of deposit and the interest rate varies from bank to bank.
733646
Interest income from an non-resident ordinary rupee (NRO) account is fully taxable in India. Tax must be paid according to the income tax slab of the individual. It has to be reported under the head 'income from other sources'. ... This income is also subject to TDS—30% (plus surcharge and cess) on payments made to NRIs.
1413532
To become a Real Estate Agent now in India, you need to get registered with RERA. You have an option of becoming an agent by getting RARA registeration in your individual name or in the name of your company. However, you need to take the RERA in the state of your operations.
995705
Summary An NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till maturity. ... PPF is a 15-year scheme, which can be extended indefinitely in blocks of five years. However, for a resident turned NRI, the extension was not allowed.
306942
NRIs are allowed to invest in mutual funds in India on a repatriable or non-repatriable basis subject to regulations prescribed under the Foreign Exchange Management Act (FEMA). For general NRIs (not from USA and Canada) the process of investing in Indian mutual funds is as simple as it is for the Indian investors.
1100208
“NRIs cannot open a new PPF account or make a new investment in NSC,” says Abhinav Gulechha, a SEBI Registered Investment Advisor (RIA). NRIs can continue with their old investments in NSC and continue to invest in their old PPF account if it was opened before they acquired NRI status.
719819
No, Land Purchasing doesn't come under Pradhan Mantri awas Yojna , You can get a PMAY if you are purchasing land and constructing house. Only to purchase land for other purpose PMAY is not applicable. To get a PMAY you have to meet eligibility criteria. The family net income should be between 6 to 18 lakhs per year.
1408542
No. RTGS and NEFT services are enabled only in specific bank branches across the country. ... Avail Internet Banking facility for your account with transaction rights. Contact your SBI branch for the purpose....
343866
NRIs are free to buy Unit Linked Insurance Plans (ULIPs) or traditional life insurance policies and claim tax breaks under Section 80C. However, these are not pure investment products.