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Buying property from an NRI? Worried about obtaining TAN? Not anymore. To relax the compliance burden, the Budget has proposed that resident individuals and HUFs need not have a Tax Deduction and Collection Account Number (TAN) if they are purchasing a property from a non-resident Indian (NRI). The amendment will take effect from Oct 1,…
The Union Budget 2026-27 proposed a series of measures impacting Non-Resident Indians (NRIs) and other overseas individuals, easing compliance in property transactions and widening access to Indian equity markets.Finance minister Nirmala Sitharaman presented her ninth consecutive Union Budget on Sunday, becoming the first finance minister in India to achieve this milestone, and also the first…
NRI Property Deposits UAE India: FEMA Violations and Legal Risks Explained A curious dilemma facing many non-resident Indians (NRIs) in the UAE and India has recently surfaced in a legal advice column: Can an NRI pay the deposit on behalf of a friend in India who is buying property in the UAE? According to legal…
KL Rahul, Yashasvi Jaiswal & Sanjay Manjrekar (X) Sanjay Manjrekar has delivered a sharp assessment of India’s growing batting concerns in home Test cricket, highlighting how the side has now dropped two of their last three series on their own turf. In both those defeats, India were thoroughly outclassed and even handed a clean sweep….
The government’s e-Jagriti digital consumer grievance platform has handled nearly 1.30 lakh cases since its launch in January, with more than 2 lakh users—including non-resident Indians—registering on the unified system. The consumer affairs ministry said in a statement that 1,27,058 cases had been disposed of as of 13 November, highlighting the platform’s efficiency in strengthening…
NEW DELHI: Sebi on Thursday proposed to ease the geo-tagging requirement for non-resident Indian clients during their re-KYC or KYC process through digital onboarding or video client identification (V-CIP). In a draft circular, the regulator has sought public comments on its proposal to relax the condition that requires NRI clients to be physically present in…
Are you a NRI who has moved back to India? As thousands of Non-Resident Indians (NRIs) return to India permanently, financial experts are advising them to take immediate steps to manage their money and investments effectively.These include converting NRE and NRO accounts to resident status and updating KYC details with banks to ensure compliance with…
NEW DELHI: A day after US President Donald Trump imposed a $100,000 fee on H-1B visas, Union commerce minister Piyush Goyal reacted to the development by claiming that the world is “a little afraid of Indian talent”.Goyal shared a video clip from a speech on social media, asserting that “different countries across the world also…
