#NRImoneyclinic #NRI #nripropertybuying
PROPERTY PURCHASE BY NRIS
NRIs cannot Buy Certain Type Of Properties
Agriculture Land Cannot Be Purchased
Plantations Cannot Be Purchased
Farm Houses Cannot Be Purchased
You Can Buy Commercial Real Estate
You Can Buy Developed Plots
You Can Buy Residential Premises
3.15
PROPERTY PURCHASE BY NRIS
REPATRIATION OF MONEY
Buy Using Funds From Inward Remittances In NRE / NRO Acct
You Can Also Buy From Local Funds – Repatriation Process Different
4.40
PROPERTY PURCHASE BY NRIS – IN ABSENTIA
POWER ATTORNEY (POA )
NRIs Who Can’t Visit India To Buy Property Should Give POA
No Need To Visit India To Sign POA
POA Needs To Be Registered.
POA Should Be For Specific Purpose Only
POA Can Be Misused – Be Careful
5.55
PROPERTY PURCHASE BY NRIS – IN ABSENTIA
POWER ATTORNEY (POA )
No Need To Come To India To Register POA
POA Can Be Signed In Embassy In Your Country
Such POA Can Be Adjudicated By Sub Registrar
Cost Of Adjudication Very Low
6.45
PROPERTY PURCHASE BY NRIS – LOAN FACILITY
NRIs Can Avail Loans For Purchase Of Property
You Need To Provide A Guarantor In India
Guarantor Need Not Furnish Any Documents
Guarantor Is Required Only For Technical Reason
Bank Will Insist POA If You Cannot Come For Signing
9.20
PROPERTY PURCHASE BY NRIS
REPATRIATION & TAXATION
No Restriction On Sale Of Properties
Sale After two Years – Long Term Capital Gains Tax
Sale Before two Years – Profits Are Treated As Regular Income
Rental Income Can Be Repatriated If Deposited In NRO Account
Rental Income Is Treated As Income In India
Rental Income Is Subjected To Income Tax
12.00 To 22.00
PROPERTY PURCHASE BY NRIS
TAXATION ON BUY & SELL
Need To Be Extremely Careful
May Involve Complex Calculations
You Must Consult A Chartered Accountant Before The Deal
Buyer Is Required To Deduct TDS While Paying The Seller
TDS Amount Varies On Case To Case Basis
You Will Land Into Trouble If You Fail To Deduct Proper TDS
Seller Is Liable To Pay Taxes Even If Buyer Fails To Deduct TDS
To know more about our business and our business model please watch the below video
Our Website: www.nrimoneyclinic.com
Whatsapp: 00971 55 548 4472
RERA – How It Protects Investors And Helps Development Of The Real Estate Industry ? By DB Mehta
https://youtu.be/YIz43EiFxl0