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When buying property from an NRI, TDS rules differ significantly from those for resident sellers. If the property has been held for more than two years, it qualifies as a long-term capital asset, and the buyer must deduct 12.5% of capital gain as TDS, plus surcharge and cess.
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As per current tax laws, if the aggregate value of all gifts received during a year exceeds Rs 50,000, the same is treated as income in the recipient’s hands. However, gifts received from specified relatives, including spouse, are not considered income, regardless of the amount.
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The capital market regulator has said that NRIs will no longer have to notify the names of Clearing Member/s and subsequent assignment of the unique client code -- known as Custodial Participant (CP) Code -- to the NRIs by the exchange.
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India’s largest listed real estate company saw record sales booking of Rs 21,223 crore in FY25. The NRI contribution is the strongest since COVID-19 downturn
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The growing demand for premium and luxury housing is being effectively addressed by established, listed developers with a strong track record of timely delivery and compliance-driven operations.
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The share of Indians in total accepted applications for residency in New Zealand has increased after the pandemic. Around 17 percent of total accepted residence applicants in New Zealand were Indians until 2019, a share that rose to 28.2 percent in 2024.
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Discover how family trusts can help senior citizens in India effectively manage their real estate assets while providing peace of mind for their NRI children. Moneycontrol's Payal Tiwari Sharma explains about the benefits of setting up a trust, the advantages over wills, and important considerations to ensure your legacy is safeguarded. Join us for expert insights and practical tips!
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NRIs can now use UPI through their international mobile numbers linked to their NRE or NRO accounts, eliminating the need to maintain an Indian mobile number for UPI transactions. Available in 10 countries, NRIs can access this feature to pay bills, transfer money, and make purchases in India.
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Rajaraman said that there is a growing retail segment of 4,000 NRIs who have almost $800 million in savings accounts
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The Election Commission urged Non-Resident Indians (NRIs) to cast their votes in the upcoming Lok Sabha election. The polls will be conducted in seven phases from April 19 to June 1, with results expected on June 4. But to vote, how can an NRI register himself? What are the steps? Watch this video as Moneycontrol’s Sahil Jain explains key details.
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Amul fresh milk will be available in the US for the first time as the Gujarat Cooperative Milk Marketing Federation is set to launch four variants of milk in the US market within a week. The milk co-operative hopes to cater to the Indian diaspora and Asian population in the country. But which states will it be available in? And what will it be priced at? Watch here for more details
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On Pravasi Bharatiya Divas, the role played by overseas Indians in the development and progress of their adopted countries is celebrated.
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In this episode of The Tenant, explore the life of a US expat (NRI) tenant in Gurgaon, living in a 6,400 sq ft apartment at Rs 6.75 lakhs monthly rent. Discover their unique experiences, from choosing this gated and amenity-rich project to adapting to a minimalistic lifestyle. They'll share insights on work-from-home, late-night calls in the US time zone, and even their decision to rent a taxi over buying a car in India. Stay tuned for more about life in Gurgaon!
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Several NRIs shared pictures of empty shelves at the stores -- possibly an outcome of panic buying fuelled by fears and misinformation of a complete ban on rice exports by India.
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Videos and photos doing rounds on social media show NRIs queueing up outside grocery and departmental stores to buy rice while others climb shelves and pull away heavy bags of rice.
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Rahul Gandhi is also likely to visit Washington DC and Los Angeles during his over-a-week-long stay in the US, they said.
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The fellowship gives NRI researchers the chance to work in India for a research organisation or academic institution for a minimum of one month and a maximum of two months a year
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What is it about the US and the UK that emboldens persons of Indian origins who are rank minorities in those countries to aspire for top political posts? The answer: These are open societies that recognise talent
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Share issuance to non-residents and gifts given to not-ordinarily residents of India impacted
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The real estate experts, who took part in a Singapore property show held from November 19 to 20, also said that the Non Resident Indians are also settling down with extended families, another lesson from the pandemic that living together with family members is much helpful in facing another COVID-19 wave type development in the future.
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'Desi' couples are choosing India over elsewhere, for reasons that are a mix of sentiment, practicality and economics.
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Police in Punjab have arrested two men for organising a beauty contest where the top prize was marriage to a non-resident Indian settled in Canada.
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Muthoot Finance has inked a memorandum of understanding (MoU) with money exchanger and transferor Lulu International Exchange to act as a collection agent.
