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The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
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At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
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Investments
Tax implications of NRI investments in residential properties in India
01 Feb 2019
The Indian diaspora has been an important source of inflow of funds in India. The remittances are received for a multitude of reasons, such as maintenance of family, repayment of loans or other purposes. Over the years, non-resident Indians (NRIs) have also invested a substantial sum in the real estate sector, including residential properties, due to its attractive valuation and potential for capital appreciation. NRIs may also inherit a residential property from their family members in India.
Vikas Vasal
Partner, Grant Thornton India LLP
This article appeared in Live Mint on 01st February, 2019
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