Frequently Asked Questions

Who is a NRI (Non Resident Indian) ?-

An Indian Citizen who stays abroad for (a) employment/ carrying on business or (b) vacation outside India or (c) stays abroad under circumstances indicating an intention for an uncertain duration of stay abroad is a non-resident. Persons posted in U.N. organizations and officials deputed abroad by Central/ State Government and Public Sector Undertakings on temporary assignments are also treated as non-resident. Who is a RI (Non Resident Indian) ?

Who is a PIO (Person-of-Indian Origin) ?+
What are OCB (Overseas Corporate Bodies)?+
Is it possible for Non Resident Indians, Person of Indian Origin and Overseas Corporate Bodies to invest in India?+
What is the procedure of payment for a residential property, for NRI/PIO ?+
How many commercial properties, a NRI and PIO can acquire in India legally?+
What are the legal and regulatory compliance issues for NRI and PIO (Indian tax, Service tax, FDI, FEMA etc).andCan Foreign Nationals Investment in Immovable Property Situated In India ?+
What circumstances can a Foreign nationals acquire land or property in India ?+
The NRIs or PIO repatriate the Sale Proceeds of commercial or residential property ?+
What are the documents required for Foreign Nationals, PIO, NRIs and OCI?+
What is the stamp duty and registration charges and process for the project ?+
What is the document that investors will get on payment?+
When will the title formally be transferred to the owner ?+
When is the owner eligible to transfer the property ?+
Do NRI/PIO/OCI have to file return in India for their property rental income and Capital Gains Tax?+
How does the Double Taxation Avoidance Agreement work in the context of tax on income and Capital Gains tax paid in India by NRI?+
Who should file tax returns?+