Ancestral property
If you are thinking about buying a couple of apartments after selling your dilapidated ancestral home, then be prepared to shell out a hefty sum in capital gains tax. The new Budget has capped tax breaks available to such property buyers. This has been done through a seemingly innocuous tweak in the language of Sections [...] Continue Reading »
The Indian real estate market is always attractive to Non resident Indians. This is because it is one of the safest investments as it gives better returns over time. Many NRIs own multiple properties in India and among them some properties are inherited. Real estate also has certain tax challenges like other investments. According to [...] Continue Reading »
Isn’t this an irony? People here in India are worried with the property price hike and the NRI’s are on cloud nine making good money from the ancestral property holding roots in India. An NRI residing in California grabbed a throw away price for the ancestral property in Chennai. Meanwhile the NRI appreciates the booming [...] Continue Reading »
