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Repatriation of funds - NRI Legal Services

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Transferring funds from an NRI's Indian bank account to the bank of their residence country is known as repatriation. NRIs can hold different types of bank accounts with RBI (Reserve Bank of India)-authorized dealers/banks, including Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) accounts. There is no general limitation on repatriating fu n ds from an NRE account. Funds in an NRE account are freely repatriable, meaning they can be transferred back to the NRI's residence country without any restrictions. However, there are limitations on remitting funds from an NRO account. An NRO account is meant to manage income earned in India by the NRI, such as rental income, dividends, or pension income. As per current regulations, up to 1 million USD per financial year can be remitted from the NRO account, subject to the submission of necessary documents and compliance with the Reserve Bank of India's guidelines. The exact process
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Family Property Partition for NRIs and OCIs in India

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  When it comes to NRIs and ancestral property , they have the same rights as Indian citizens to inherit property. However, they may face certain legal and operational challenges when it comes to managing or selling the property, especially being out of the country of birth. NRIs need to be aware of the legal requirements and tax implications related to ancestral property in India, and it is recommended that they seek professional legal and financial advice to ensure smooth management and transfer of the property.
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What are the problems faced by NRIs when investing in India?

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 NRI investors face many challenges while investing in India. NRIs should understand the investment scenario and avoid the pitfalls. Summary Investing in India as an NRI is a challenge. Common issues faced by NRIs are: i. Restrictions on investment ii. Understanding taxation in India iii. Double taxation levied on NRIs iv. Investing in digital assets NRIs are not aware about their legal rights NRIs should seek legal professional advice before investing in India Investment solutions are available for NRIs and they should explore the ones most suitable to them Read in Detail:  What are the problems faced by NRIs when investing in India?
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Basics of a Will Document and its relevance for NRIs

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  Will is an essential legal document which should be prepared during the lifetime of the testator. A Will document can be made in any language, and it needs to be signed by the testator. Further, the Will document needs to be attested by at least 02 witnesses. A Will can be registered at the Sub Registrar’s Office. The registration of a Will is strong legal evidence that the proper parties had appeared before the registering authorities, and the latter had attested the same after ascertaining their identity. Will can be made in relation to Indian properties in a foreign country by NRIs. The Will should be preferably Probated to ensure that the Will is not contested in the Indian Courts. Read in Detail:  Basics of a Will Document and its relevance for NRIs
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Investing in Real Estate in India-Problems and Solutions for NRIs

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Investing in Real Estate in India-Problems and Solutions for NRIs :  The real estate market is the sunshine sector. The role of NRIs in investments has a significant role. NRIs who are not aware of their rights. NRI community takes keen interest in the Real estate market in India . The investment is lucrative but at the same time full of risk. Understanding the problems and finding solution is essential. Read on for complete details.
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Protection of Trademark applications and Intellectual Property Rights

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Protection of Trademark applications and Intellectual Property Rights : Intellectual Property Rights (IPR) refers to safeguarding and protecting the rights of the owner/inventor/creator. It is always advised to take professional assistance to complete the IPR registration process.
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How an NRI income will be taxed in India - Income tax and Tax matters

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How an NRI income will be taxed in India - Income tax and Tax matters : An NRI must file his income tax return like any other Resident Indian in India if the total gross income received in India is more than Rs. 2.5 Lakh for the provided financial year. An NRI must file his income tax return like any other Resident Indian in India. The residential status of the NRI plays a detrimental role in tax liability for NRIs. If an Individual’s status is Non-Resident, then the income earned only in India will be taxable. Income earned outside India cannot be taxed in India. Interest earned on an FCNR and NRE account is also not taxable. Interest received on NRO accounts will be subject to tax on the part of an NRI.
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