NRI Legal Services

NRI Tax Issues NRI India Investment has been subjected to ample neglect over the years. It is only in the past few years that the Indian Government is paying utmost interest in this matter as NRIs all over the globe are being encouraged to bring fresh funds for the economy.

There was a time when the parents of girl wished their son in law to be somebody overseas earning lot of money and having bright career to give their daughter a life full of comfort and happiness.

A French scholar Romaine Rolland rightly said “There is one place on the face of earth where all the dreams of living men have found a home from the very earliest days when man began the dream of existence, it is India.” A considerable population of the Indians exists in Gulf regions, Mauritius, East Africa, Australia, and Canada. About 1.1 million exist in the Caribbean and South American countries. Moreover 1.7 million live in the United States, 3 million in gulf areas and in UK they form the largest cultural community. Since independence, the Indians settled abroad have been returning to discover new opportunities for interacting with their homeland. These Indians who have settled in the far off lands miss their own country and make every effort to connect with their motherland in some way or the other either by purchasing property or networking with their relatives etc. Respecting the sentiments of such nationals who want to participate in the development of their country, the Gove...

Sushil Kumar, a Non-Resident Indian based in Austin, Texas bought a 1000 sq feet flat in New Delhi, India costing Rs. 35 Lakhs in 2004. At that time he was upset with the fact that he was over-paying for it but today he not only has the worth of the flat more than double, however in addition to this he is truly elated that this real estate investment is giving him such good return. This example very clearly sums up the Indian Real Estate Market of today. According to the recent trends, the Indian property market is not only flourishing, but growing by leaps and bounds. Research data estimates that the Indian Real Estate Market is expected to grow from the current 14 billion dollars to 102 billion dollars in the next 10 years. After the September 11 incident in the US, investments in Indian markets have gained momentum. India has encouraged Non Resident Indians (NRI’s) and Foreign Investors by giving them tax incentives and relaxation of foreign direct investments (FDI) rules. The RBI h...

Patel most common Indian surname in US The US Census Bureau study found that Patel, ranked 172nd, is the most common Indian surname in America. A total number of 145,000 Patels are in the US.The study was based on returns from the 2000 census that takes place every ten years, with the Western name Smith taking the top position.The second most common Indian last name was Singh, its overall ranking was 396th, with 72,642 Singhs in the country. Singhs are Sikhs and also Hindus with roots in states other than Punjab.Khans ranked at 665th, but Khans come from Pakistan and Afghanistan as well as India.Shah ranked at 831, Sharma at 2247, Kumar at 2293 and Desai at 2540. Guptas, Reddys, Mehtas and Raos brought up the rear.The growth of the Indian origin population was the highest among all Asian origin groups. From 820,000 in 1990 it rose to 1.6 million in 2000 and is the third largest Asian American group in the US. Indian Diaspora is largest in globalized world More than 20 million Persons o...