NRIs - 13 Points You Must Know Before You Acquire Property In India - CA Dhanush Bolar

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[@deepthirao164]

Excellent video. Thanks for sharing 👍

[@cyberiyernishant]

Fantastic video. Mr Dhanush is a master of his field!

[@RameshPatel-ph3ie]

Thanks for highlighting this issue for NRIs and your suggestion that they should investigate papers before buying.In most cases papers are not given as time taken by registering authorities and most are not aware that payments must be made from NRO account.most are being misled from proper documents and after handing over flats or houses which probably take 3-4 years and later too late to take money back.before selling a property it has to have a property card which takes too long and govt should investigate the lengthy process .There is more help from your programmes than info available from real estate regd authority😢

[@nag9439]

Thank you for sharing such an intresting insights sir.

[@amitkumarshah5521]

Excellent information, thank you Sirs 🙏🙏

[@drsuraksha]

CA sriram and CA Dhanush, such a great relief for all NRIs . CA Dhanush is very professional, I have contacted him. It is a blessing to have such professionals with knowledge,ethics,and ampathy.

[@hotelcalifornia715]

Turkey must be included in the list of those countries with restricted access to property purchase in Indian.

[@BWganesh]

Thanks for another great video. Back in 2003 my father purchased a flat in my/wife's name using funds generated from the sale of my flat (bought as a resident) and funds remitted by me (but probably out of the resident account). I was a non-resident in 2003 also. I never gave it a second thought until now. But, after watching your video, I am worried about how I would be able to sell this flat. What restrictions apply to this? I am not sure what FEMA law existed in 2003. If I sell this, will I be able to repatriate the money? Or will I be able to use to buy another flat, but this time properly documented as an NRI/OCI?Appreciate your input. Thanks in advance!

[@tonmoyphukan]

Great video - want to check on POA required to buy property. I am a Singapore resident and want to buy property in India. Does the POA require to be registered in India after an Singapore Notary and Apostle being done. Is it a must?

[@prashantpandya2933]

Hello there... I have a question regarding TDS on NRI stock market investments... How much TDS is deducted on the dividend income? Also on short and long term gains... On both NRE/NRO PINS n NONPINS accounts/investments...

[@tAmILoLDENgOLDieS]

Sir, Thank you for yet another informative summary of important points related to purchase of property and the related laws. You did touch upon the question of buying property by joint ownership of an NRI and a foreign national. Could you please clarify if joint ownership between a normal resident Indian and an NRI/PIO/OCI is allowed and state if there are any restrictions related to the ownership, tax, repatriation and gifting of the same, if allowed.

[@dhanushbolar7751]

Joint ownership is allowed between NRI/PIO/OCI and resident. Sale proceeds can be repatriated outside India. This property can be gifted.

[@rubykhan2226]

If a Nri has bought a apartment in noida and after few years want to sell it.selling it at a lower price than bought. Does he have to pay tax. And can he put the money back in nre/ NRO account. The bank from which he had paid for the transaction

[@namitarana05011989]

I am a NRI in UAE and want to buy residential property in India. Can I get 100% ownership of the property or I have to buy with resident as co-ownership? Please clarify it.

[@n.vineetha8119]

Hello, I have a doubt. Can NRI pay the purchase cost to his relative and relative transfers the amount to builder Is this allowed?

[@ravindrajoshi5246]

A person who is PIO now become citizen of foreign country ( other than specified country) and who has not obtained OCI what rules and regulations and restrictions are applicable please clarify

[@golurajeshsoni]

Can i make international transactions to by property, Because i don't have active Indian bank account

[@SS-bg6ht]

Pity.. I was waiting for inheritance of property by NRI

[@ohmkumarsm8786]

after getting green card (USA) what happened to their property (purchased before) in india

[@LKevin44]

Can a NRI buy an agricultural land with their parents name and then acquire it as inheritance?

[@malluknight]

Thank You Sir for the informative session. I wanted to know if an NRI can sell his Stock Holdings and use that amount to buy property in India to avoid capital tax. If there is an already existing video please let point me to the same. Thank You again!!

[@NRIMoneyClinic]

There are detailed videos on sale of Immovable Properties and how to set off capital gains tax on this channel. Please watch and be guided

[@sriramrao2514]

In Part 2 of Sale immovable property video, information about off set by re-investment is given… you can watch it and be guided

[@hansaparmar2544]

Your video are always very informative and I thank you very much.🙏 Sir I have a question An NRI owner of a flat in Surat, Gujarat lives in UK & is interested in selling his flat. Interested NIR buyer of that flat in Surat lives in USA. The seller in UK wants his money in Sterling Pound. The NRI interested buyer who lives in USA has a bank account in UK (because he lived there for some 20+ years) & therefore he can pay in Sterling Pound. Is this OK & should we take advise from accountant in India. If above flat was a gift transaction (very close relative) what are the requirements/procedures !!

[@dhanushbolar7751]

Consideration for the sale of the property cannot be settled outside India. It has be paid in India through banking channel. NRI can purchase the property by way of gift only from a relative.

[@ArnabChatterjee1612]

If myself and my spouse having joint account and I am NRI but my spouse is living in India, in that case is it required to convert this account to NRO account? I am sending money in that joint account.

[@truthhurts2980]

Sir, I am an NRI. My mother is a resident. My mother is planning to purchase an apartment with her own funds and add my name as a co-owner. What should be the procedure for the same? Please note that i will not be paying any amount at all from any of my accounts. Thanks!

[@soumyadipghosh3802]

Thank you very much. If I buy a property/land (non agriculture) as an NRI is there any obligations if I become resident after few years ?

[@dhanushbolar7751]

There is no obligation as such.

[@tarun3324]

Pls Inform, If the property owned by NRI jointly with resident non earning spouse be rented and the rent deposited in spouse account as per resident or to be sent in NRO and taxed 31.2% tds at source?

[@NRIMoneyClinic]

Please consult a chartered accountant with y0ur details. NRO account has TDS and it is not final tax . You may get refund too

[@dhanushbolar7751]

If there are co-owners, each having a definite and ascertainable share in the property, then rental income should be divided between the owners in the same proportion to the ownership. Rental income pertaining to non-resident is subject to TDS at the rate of 31.2% under section 195. Rental income pertaining to resident is subject to TDS under section 194I provided rental income exceeds Rs.2.4 lakhs and subject to other conditions provided therein.

[@irsashalali4316]

Thank your for your videos. It gives more information for NRI. I do really appreciate. I am an NRI and not a citizen of India. I received a email from income tax dept about proceeding under section 127. I have no idea what is about. I only transfer my savings after tax income to my NRE account. Any information would be highly appreciated

[@NRIMoneyClinic]

Contact a chartered accountant

[@narendravora1256]

Can a person invest the fund in company from regular bank a/c prior to NRO

[@dhanushbolar7751]

You cannot continue to hold resident savings account once you become NRI. This account has to be designated to NRO savings account. You cannot invest from the regular savings account.

[@dr.s.dorairaj8121]

As highlighted , Restriction on an NRI/OCI selling of more than two properties in his life time is in conflict with permission to repatriate up to one million dollar PER YEAR under LRS. Appreciate , if you could notify the viewers , once this conflict is resolved in one of your future videos.

[@NRIMoneyClinic]

Feedback noted and would update as and when it happens

[@jemopriest]

Hi.. i have been trying to contact you guys on your dubai and india whatsapp # .. I even called ... but you are unreachable