Have you fallen in love or just gotten an arranged marriage? If you are an NRI and are need of a marriage certificate, this article should come of use. Many Indians that were married in India will have a religious ceremony certificate given by a priest at the time of the wedding, but obtaining a legal certificate is much more complicated. If you moved outside of India, your new country will not recognize your marriage as legit, unless you have a legal marriage certificate.
Obtaining a certificate has been a tedious process in India. There are many different documents that you need to get together in order to apply. You have to have everything done exactly right so that they do not deny your application. Sometimes, even when you have everything done correctly, you will not receive your certificate because of the government office’s unorganized fashion.
Now, it is still a tedious process, but we have made it a little easier for NRIs. You will still need to send all of your documents, but we will follow up with the government for you. We will try and get your marriage certificate to you as soon as possible and you do not have to come to India in order to do so.
With all of this, there is still no guarantee that every application will be accepted and treated with care at the government office. Everything will be the same process from the time the application reaches the hands of the government. The only thing that makes this process different would be the headache of going to the government and giving your forms, waiting in long lines, will be ours and not yours.
Now, there is such a thing as an NRI loan. The only difference between a normal loan and an NRI loan is that an NRI loan is provided to NRIs living outside of India. NRIs can apply for business and house loans in India. Many NRIs now-a-days are working to purchase property in India so that they can have a piece of the growing real estate market. They take out home loans in order to purchase the property that they want and then wait and sell it for profits later. When you walk into a bank in India, there are officers there that specialize in helping only NRIs to get a loan. There are also real estate areas just for NRIs in places like Delhi and Mumbai.
Most of the banks will help you to buy businesses, apartment flats, resorts, and luxuary villas. If you are an NRI that is trying to apply for a loan in India, you must:
- Be at least 21YOA
- Be no older than 65YOA
- You must have lived outside of India for at least 1 year or if you own a business, you must have lived outside of India for at least 3 years.
The best way to go about it for NRIs now is to buy a property/flat and rent it out so that the payment for the rent can be put towards your repayment for your loan that you took out. In order to apply for a loan, you will need to small passports size photos and the initial application. Generally, the interest rates for NRIs are around 11% to 15% per year. There is generally a larger down payment that is needed for an NRI housing loan.
The amount of loan given to an NRI varies with each person. The bank will look at a person’s age and income to decide the amount that they are willing to give. They will give you up to ten years to pay back the loan in most cases.
The documents that you will later need to provide to the bank include: all housing documents and receipts for everything that you buy, copy of your employment records, and a proof of Identity.
Now that you know all about NRI loans, it is time to get started. There are some steps you have to take in order to be prepared so that the process goes more smoothly. The first step you will have to take would be to obtain your PAN card. Every NRI applying for a loan is required to state there Permanent Account Number (PAN). You can get one while staying abroad outside of India, you just need to visit a good broker. An example of one would be: http://www.pancardonline.com/apply.html
If you go through the broker mentioned above for PAN card, they can help you with the next steps too. The process is simplified through them.
If you are living outside of India as an NRI, and are looking to sell your property in India, there are some rules that go along with it. If you hold an immovable home in India that is not a farm or farm house that you got by inheriting it, it can be sold to both Indian residents as well as NRIs. If you have a farm or farm house that you received by inheriting it, then you cannot sell it to an NRI, only Indian residents.
There are ways to reduce the amount of taxes that you have to pay. One way would be that you use the profits you gain by selling your property and invest it into a new property that you would like to buy or build. You would have to purchase the new property within a few years for you to qualify for your tax exemptions.
When you are preparing to sell in India, be sure that you find a legit property dealer as there are a lot of frauds out there now.
How to get the money from your property in India?
If you bought the property when you were an Indian resident with Indian Rupees, then you will need to put all of the profit into your NRO account for accessing as an NRI. If you bought the property after you were already living abroad, then you can get the money in your country. Also, if you paid for the property using your NRE account, you can put the money you get from selling it back into your NRE account.
In order to buy or sell property in India, you will need a Permanent Account Number (PAN). You can start your process for PAN online through the PAN website. You can apply from your country abroad if you wish to. A good site to start this would be: http://www.pancardonline.com/apply.html
Even though you are living outside of India, sometimes it is necessary to obtain a PAN from India for different uses you may have. Some of these uses may be paying taxes on some income you are generating in India, selling your property or buying property in India, Investing in Indian stocks or mutual funds, or opening a bank account in India
As you can imagine, there are difficulties in getting a PAN card in India. It used to be even more difficult for those living abroad, but now things are easier. There are now online PAN agents or brokers that will help NRIs, PIOs, OCIs, and Foreign passport holders to obtain PAN cards in India and receive them at their address abroad WITHOUT ever having to travel to India.
Now, While living in the USA, all you need to do is go to: http://www.nripan.com/apply.html and apply. They accept online payments to make it quick and easy for you. After you apply, you will be contacted by a member of their staff. They will send you the application along with a complete set of instructions. Once you follow the instructions and prepare your documents, you send it to their office. From there, given everything is in order; you don’t have to do anything but wait for your pan card.
Here is a list of documents that you will need to provide living in the USA:
1. Two passport size photos – (can be made at Walgreen’s or CVS pharmacy)
2. A US address proof – (typically your US bank statement from banks like Bank of America, Chase, Wells Fargo, etc. You can download the online e-statement, get it certified – meaning attested and stamped by the bank manager or whosoever is the authorized personnel to do so.
OCI or PIO card copies reflecting your current address.
3. Your passport copies – (only the relevant pages are necessary)
If you are living in the United States and you wish to apply for a PAN card right away, simply visit NRIpan.com and start with filing of your PAN number application process totally online.
List of states in the US where you can apply from are as follows:
Wyoming – Cheyenne, Wisconsin – Madison, West Virginia – Charleston, Washington – Olympia, Virginia – Richmond, Vermont – Montpelier, Utah – Salt Lake City, Texas – Austin, Tennessee – Nashville, South Dakota – Pierre, South Carolina – Columbia, Rhode Island – Providence, Pennsylvania – Harrisburg, Oregon – Salem, Oklahoma – Oklahoma City, Ohio – Columbus, North Dakota – Bismarck, North Carolina – Raleigh, New York – Albany, New Mexico – Santa Fe, New Jersey – Trenton, New Hampshire – Concord, Nevada – Carson City, Nebraska – Lincoln, Montana – Helena, Missouri – Jefferson City, Mississippi – Jackson, Minnesota – St. Paul, Michigan – Lansing, Massachusetts – Boston, Maryland – Annapolis, Maine – Augusta, Louisiana – Baton Rouge, Kentucky – Frankfort, Kansas – Topeka, Iowa – Des Moines, Indiana – Indianapolis, Illinois – Springfield, Idaho – Boise, Hawaii – Honolulu, Georgia – Atlanta, Florida – Tallahassee, Delaware – Dover, Connecticut – Hartford, Colorado – Denver, California – Sacramento, Arkansas – Little Rock, Arizona – Phoenix, Alaska – Juneau, Alabama – Montgomery.
Full form of PAN is permanent account number!
This number is embossed and comes in a laminated card size (like a credit card), called the PANcard. It consists of your photo, Name, signature, and a 10 digit unique number that is allotted to you alone. A PAN is also known as a tax ID number because everyone in India who pays taxes has one of these numbers. The number is allotted to you by the Income Tax Department of India.
NRIs (Non Resident Indian), PIOs (Person of Indian Origin), and OCIs (Overseas Citizen of India) and International companies registered out of India with no offices here; all need a PAN number if they are going to invest or do business in the Indian market. This is a requirement put forth by SEBI & the Government of India.
This Permanent Account number, is yours forever and it should not change. Even if you misplace your PAN card and apply for a duplicate PAN card, your PAN should always remain the same.
If you are an NRI and you want to apply for a PAN card today, you have an option of doing it online and paying for it with a credit card. When you apply online, you usually have to wait around 25-30 days in order to receive it at your home address abroad.
You can start online through a broker like:
The IT Department now has a rule that if you are generating income in India and you do not have a PAN card; you will have to pay a fine. If you lose your PAN card, you can apply for a duplicate copy as long as you have a photo copy of your PAN card or any other proof that you have one. If you have a PAN card, you do NOT have to pay taxes as long as you are not generating any income in India. Even if you are living abroad and you have an income in India, you must apply for a PAN card and you must pay taxes on that income.
Do you need a PAN card?
Yes, you may need a PAN card if you are dealing with any finances in India. You need a PAN card for any of the following:
- Bank Accounts in India
- Buying and Selling Property
- Applying for a Loan
Getting a new one!
If you already have a PAN card, there is no need to renew it because it does not expire. If you received it while in India and now you are living abroad, you can apply for your NRI status to be updated with the PAN department’s database, but your PAN number will stay the same. There are also new plastic cards available if you want to upgrade.
Tracking your PAN card application status online…
There is now an easy tracking system online at the government’s website where you can go and track your status online. You just enter your coupon number and search and your tracking details will appear.
PANcardonline.com collects all of your documents at our office and then sends them to the PAN department in person where your PAN is allotted by the IT Department. Then, the card is delivered to NRIs at their address abroad.
This is in continuation to our previous article that we wrote on “Transfer or remittance of funds from NRO to NRE bank accounts in India to abroad” and we asked you a question if you want to take your money back to your resident country using the services of a qualified CA – Chartered Accountant who could help you get a form 15CB and other remittance certificates.. I believe there may be some of you, who are willing to repatriate your funds or looking to know the procedure about transferring money from your Indian bank accounts to foreign banks out of India. So, this one is for you people on how to proceed with this and what can be the best time to do this.
You being a NRO and NRE account holder in India, sometimes bring in some money to deposit in India or, if you are in receipt of sale proceeds of any immovable property that you have purchased or inherited in India. There may be few other situations, like, you are in continuous receipt of some rental or regular Income in India and now you prefer transfer of these funds to your bank account in country of residence.
Are you wondering whether you can take back all these receipts to your bank account in your resident country? Definitely, you can transfer all above with some of the following documents:
- Form 15 CB (a certificate from Chartered Accountant).
- Form 15CA
- Form A2 (FEMA certificate).
- A request letter to your Bank.
- Source of Income.
- Proof of taxes paid (if any).
Above documents are very basic that are required for every transfer, but there will be additional documents required by bank depending upon source of Income that you are transferring. As for an example, copy of sale deed and registration certificate will be additionally required in case of transfer of sale proceeds of Immovable property.
Now, if you are thinking about process involved in this and if you are wondering on how to arrange above mentioned documents, don’t worry people, please go ahead with your reading.
1. Ask a Chartered Accountant in India to issue you Form 15CB. Based on source of Income that you want to repatriate and upon presentation of certain documents, chartered Accountant will issue Form 15CB which clearly explains about tax deduction on particular Income.
2. Based upon Form 15CB issued by Chartered Accountant in India (we offer such services), you can fill Form 15CA online that we will send you at your email.
3. Fill in Form A2, which will ask you about wire details and reason for repatriating funds.
4. Arrange other documents as required and send all these documents to particular branch of your bank in which you hold account.
5. Bank upon scrutiny of documents will wire funds from Indian account to your overseas account.
This way you can utilize your money the way you want in your Resident country.
email us: email@example.com
Have you recently lost your PAN card and now need a duplicate? Now, all you need to have is your full name, your father’s name, and your correct birth date. You used to need to have a copy of your PAN card to send to the government for a re-issue, but now you can simply use a search to find everything you need. Once you see your PAN, print the results page and then you can use that as your pan proof document to send to the government.
- Open “google.com” on your laptop/computer
- In the search bar, type “know your pan number”, then search
- In the results page, click on the government website at the top.
- Enter your information and search. Now you have it!
After you have your PAN proof document, then its time to apply for your replacement card. You will first need to find a duplicate PAN card application. You can get these from any PAN card broker. PAN card brokers like: http://www.pancardonline.com/apply.html make the process a lot simpler if you are applying from abroad. The other documents that you need to provide with this form, are similar to the ones you provided when you first applied for the PAN card. You will need your ID and address proof, as well as some passport size photos. When you are filling up the form, make sure all of the information is mentioned correctly and exactly the same as it was when you first applied for the PAN card because this is the information the government will have in their database. This will avoid any delays when applying.
If you are applying for a duplicate PAN card from abroad, the filing fees charged by the government will be around Rs.944.
If you would like assistance in starting your process in applying for a duplicate pan card or if you need to make any corrections in your pan card, or if you would just like to update your NRI status with the government… be sure to contact: http://www.pancardonline.com/
They have advisors that help NRIs to apply for PAN cards from abroad. You do not need to visit India and they take care of everything on your behalf.