Capital Asset: To define simply, capital asset is property (including shares, debentures, government securities, bonds, units of UTI and Mutual Fund, immovable property etc) of any kind held by an individual. The following however is not included in ‘capital asset’: Personal items like electronic items, apparel, furniture etc Agricultural land Specified bonds like 6.5% Gold [...]
Research group at NriInvestIndia.com anticipates the markets too stay choppy in the coming weeks due to the whole nuclear deal skepticism, assuming the outcome to be in India’s favour. The markets are in a very tight range and there is not much selling or buying on any of the blue chip stock counters says the [...]
Since the time the Government of India began reviewing its policies, thus attracting more and more non-residents to invest in the Real Estate segment, the Reserve Bank of India, in its mid-term economic policy for the year 2006-07: Removed the lock-in period for the sale proceeds of property credited to NRO Accounts with a cap [...]
The recent economic boom being witnessed by India has resulted in the return of many non-residents. Upon return, non-residents need to pay certain amount as tax (as applicable). While the tax rules for non-residents are relatively simpler, we do get queries regarding the same. Hence this section is for all those of you having any [...]
