Wonderful.. Mr. S S Nayak is a wonderful personality. Very helpful and effectively stops people from getting into trouble. 👌 he is awesome. Thank you Nayak Mam
A trap most fall for is online Ads. The down payment is demanded to book the property without disclosing the sale deed to be signed. Most signing sale seeds are one sided and difficult to exit from.
Thank you for another excellent topic selected for discussion. I have some follow up questions related to the explanation provided for joint purchase of a property by a resident Indian citizen and an NRI. 1. Does this hold good for purchase of property by a resident Indian citizen and an OCI with a foreign passport (not related to the Indian citizen) ? 2. Are there restrictions related to allowed property types such as agricultural and /or farm houses ? 3. Are there any specific legal requirements to register such a purchase ? Thank you in advance and greatly appreciate the information that is provided on such complex topics.
Thank you so much for the informative presentation. Appreciate it. A question: An Indian citizen has recently become citizen of another courntry and an OCI now. This new OCI had bought a flat in India 20 years ago jointly with spouse (the spouse passed away many years ago and the flat is still in the joint name with deceased spouse). Can this flat be gifted to the only adult child who is Indian citizen and resident of India? Are there any tax implications? Any approvals required? What are the legal and tax consequences of selling this flat to some other Indian citizen, instead of gifting it to the adulat child? Thanks a lot.
If canadian Citizen have OCI status in India and he has rental apartment in UP India and sell his apartment , does they need to pay any 20% or 30% NRI tax on top of selling price to Indian govt additionally. Spending that money in India is better or bring it to Canada is better option
Wonderful.. Mr. S S Nayak is a wonderful personality. Very helpful and effectively stops people from getting into trouble. 👌 he is awesome. Thank you Nayak Mam
As always excellent . The way questions are asked and answered in an easy way that the audience can understand . Keep up the Good Work.
This channel deserves 1 million subscribers.
Congratulations! Presentation getting better & more informative every time. Information was very clear.
Agree. Especially the host used to repeat / paraphrase everything the guest said which was getting repetitive ! Now its very good.
Well done Nayak Sir, a multifarious Expert...
A trap most fall for is online Ads.
The down payment is demanded to book the property without disclosing the sale deed to be signed. Most signing sale seeds are one sided and difficult to exit from.
This NRI thing is too complicated and meaningless.
No wonder why so many are denouncing Indian citizenship.
Excellent topic ! Thank you!!
Excellent
Thank you for another excellent topic selected for discussion. I have some follow up questions related to the explanation provided for joint purchase of a property by a resident Indian citizen and an NRI. 1. Does this hold good for purchase of property by a resident Indian citizen and an OCI with a foreign passport (not related to the Indian citizen) ? 2. Are there restrictions related to allowed property types such as agricultural and /or farm houses ? 3. Are there any specific legal requirements to register such a purchase ?
Thank you in advance and greatly appreciate the information that is provided on such complex topics.
Very interesting and informative.
Thank you Sirs
Very useful information sir
Really benefiting from the experts knowledge
Very clearly informed sir
Excellent Q & A session. Kudos
Very helpful!! Thank you very much.
what does HUF mean?
would be nice to know the abbreviations used
What are the documents needed by USA citizen(oci) to transfer property from parents?
Thank you so much for the informative presentation. Appreciate it.
A question: An Indian citizen has recently become citizen of another courntry and an OCI now. This new OCI had bought a flat in India 20 years ago jointly with spouse (the spouse passed away many years ago and the flat is still in the joint name with deceased spouse). Can this flat be gifted to the only adult child who is Indian citizen and resident of India? Are there any tax implications? Any approvals required?
What are the legal and tax consequences of selling this flat to some other Indian citizen, instead of gifting it to the adulat child?
Thanks a lot.
Very useful info. Can NRI sell a property to another NRI and save Tax? Thank you.
You can't save tax
If canadian Citizen have OCI status in India and he has rental apartment in UP India and sell his apartment , does they need to pay any 20% or 30% NRI tax on top of selling price to Indian govt additionally. Spending that money in India is better or bring it to Canada is better option
Thank you
Sir
Kindly give us clarity on property purchased from physically handicapped quota where cap is there.
Regards
What about an NPS account if the NRI returns to India? Do you have any knowledge on this?
If you hurry then later you need to worry 😂
Can an NRI gift residential property to his sister (Indian citizen), what is the procedure for it, how much stamp duty is needed to be paid in Mumbai.
You can definitely gift . Regarding stamp duty , you can check from property lawyers and chartered accountants
Wondering if it is possible for you to provide a list of lawyers specialized in property matters practising in Mangaluru.
Thank you
There are many . Please do a Google search
Sir can a Canadian female citizen transfer money from India after sale of property gifted by her parents
She can
Do you have any property management company and legal assistance contact information?
No