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A Quick Guide on Fund Repatriation by NRI after Property Sale: Ways and Means

Among the many apprehensions that NRIs’ have about investing in property in India , one is about the ways and means of repatriating funds back to their country abroad, after the sale of a property. Any NRI investor, while investing in property in India, should ideally chalk out the process from conception to completion. In … Continue reading A Quick Guide on Fund Repatriation by NRI after Property Sale: Ways and Means

Resident Foreign Currency Account: The Choice of NRI’s returning India

“Aa ab lautchalen”, (meaning let us now return) is the title of a Bollywood movie which reflects the thought of many NRIs’ yearning to return to India. The decision to return requires planning, especially the finances and Resident Foreign Currency (RFC) Account is an ideal vehicle for NRIs’ to park their funds in foreign currency … Continue reading Resident Foreign Currency Account: The Choice of NRI’s returning India

How to report Incomes from India while filing the tax return in USA?

It is often that people take the plea that the law is not known to them and any breach of law therefore is purely due to ignorance. However, the Latin term “ignorantialegisneminemexcusat” very aptly and succinctly states the truth-“ignorance of the law excuses no one”. Tax violations in countries like USA can be considered to … Continue reading How to report Incomes from India while filing the tax return in USA?

What steps should NRIs take to sell their inherited property in India?

Selling an inherited property could appear to be quite a challenging and troublesome job in India, especially when one is not aware of the procedures. For people staying abroad for a long time can find this process even more horrifying. Although NRIs have been quite open to investing in Indian properties, selling the inherited ones … Continue reading What steps should NRIs take to sell their inherited property in India?