Sum payable to NRIs: Taxable?

It was a Sunday morning and I was having my morning cuppa when suddenly I got a call from a friend who was in the process of finalising a deal for purchasing an office premise in Mumbai from a Non Resident (NR).

September 19, 2011 / 16:23 IST

By Vibha Bhaskar & Shaishav Shah

It was a Sunday morning and I was having my morning cuppa when suddenly I got a call from a friend who was in the process of finalising a deal for purchasing an office premise in Mumbai from a Non Resident (NR). He was worried about any tax implications he needed to consider since the seller was a NR and whether the deal involved any RBI implications.

The question before me was

first published: Oct 29, 2010 03:50 pm

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