NRI Legal Services

The new that shall accommodate the old too! New 20 and 50 rupees notes to be issued soon – old ones will stay : In its continued spell of changes in the economy, the RBI announced that it would soon issue newer versions of 20 and 50 rupees notes. The saving feature, however, is that the old ones will still be valid. The newer Rs 50 notes would now not have inset letters in the number panels. The Rs

Demonetising – The changing Taxation scenario in India : In the past one month or so, there has been a wave of changes introduced due to the demonetisation process carried out by the Modi government. Besides a general ban on the old 500 and 1000 notes, in the recent days, there were many announcements made regarding gold and related schemes. Somewhere in all

All That Glitters, Will be Monitored – Gold Deposit Norms : In the plethora of guidelines being issued under the Demonetisation wave, the Government has now declared the following regarding the Gold deposit that individuals can have: All jewellery that has been bought with declared wealth or income will not be taxed Ancestral jewellery will also be spared taxation Married women have been allowed

Get Your Rights ‘Transferred’ to Yourself – In Time! : How many times would you have heard NRIs complaining of their property being usurped by unwanted elements, for sheer lack of legal transfer of property in their names? Transfer of property is easily one of the most troublesome issues that NRIs face – and lack of awareness of these has led many NRIs to

Succession Certificate: Making Inheritance More Meaningful : Inheritance is understood to be a naturally smooth flowing process, and a lot of people are not even aware of the relevance of the ‘Succession Certificate.' It is a known fact that a majority of the inheritance issues get covered under the Hindu Succession Act. Some that are related to the minorities are taken

All partitions needn’t be sad stories - Partition of Property : There are times that an NRI is the co-owner with somebody, in a property. By itself this might not be a problem; but sometimes, this leads to property disputes taking place. Usually the scenario would be that the other person would be seeking major control or manage or even try and sell the property

Unaccounted deposits could face 50% tax, 4 Years lock-in period : No less than 50 percent tax could be levied on inexplicable bank deposits made when using banned currency notes around December 30, 2016 including a four-year lock-in period for One half of the remaining amount underneath the amendments to tax law the government plans to usher in Parliament shortly. However, a greater 90 percent