Ease of doing business for NRIse

Read more about Ease of doing business for NRIs on Welcomenri. There seems to be a fundamental flaw in the way some of the income tax provisions are administered that hurts non-resident Indians' (NRI) real estate investments in India..

There seems to be a fundamental flaw in the way some of the income tax provisions are administered that hurts non-resident Indians' (NRI) real estate investments in India

Recently, I received a call from a client, namely Nitin. He is an Overseas Citizen of India based in the UK.

The income tax department, through an email, had asked to link his PAN number with Aadhaar before December 31, 2019, or his PAN would be made inoperative. Despite my assurance that he would not be affected, as he was anyway not eligible for an Aadhar card, he was worried that his PAN would be made inoperative, making it difficult to operate his Indian bank accounts. I mollified him that the PAN number cannot be made inoperative without following a process mentioned in Section ...Read More...

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