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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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