Real Estate Investing for NRI’s in India
An Indian NRI is a person of Indian origin who resides outside India for 182 days in a financial year, but still maintains strong ties to their homeland. The Income Tax Act, 1961 provides different tax rules for Indian residents and NRIs. If an Indian citizen leaves India for employment outside of India or as a member of the crew on an Indian ship, their status will be a Non-Resident Indian (NRI) if they stay in India in the previous year for more than 182 days. An estimated 30 million NRIs are spread across the world, representing a diverse community that spans cultures, languages, and professions.
In 2024 the Indian real estate market is already showing signs of continued growth. This is a fantastic opportunity for NRI’s who can readily participate in this success story. They must, however, be aware of certain legal and tax compliance information before making an investment in Indian real estate.
00:00 Introduction
01:56 Start of New Real Estate Cycle in India
03:23 Real Estate Investing for NRIs
04:45 Compliance Requirements
05:17 Selling of Inherited Agricultural Property
05:27 Tax for NRIs in Real Estate in India
07:45 Indexation Benefits of Real Estate
09:36 TDS in Real Estate
10:38 Sections related to Real Estate
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