Legal Solutions for NRIs Property
Indian diaspora may encounter hundreds of legal problems in property investment and finance. Legal solutions for NRIs are difficult to track but not impossible. Mostly, they catch up in two kinds of legal problems. The very first is related to property purchase and inheritance. And the second is connected to finance. Since amendments are the yearly routine work of the government, so it is compulsory to stay alarmed and updated. As ownership of the property is categorized into two subheadings owned and rental, the legal solution for these is covered in this info graphic. Following ‘mutation of revenue record’, presenting duly registered WILL, succession certificate, original purchase deed, registration document, Encumbrance certificate and Khata are essential for conducting purchase and inheritance of the property. Property investment requires original share certificate (for co-operative society), No objection certificate (NOC), Assurance of no outstanding payments, Copy of approved plan, Occupation certificate, Lawyer certificate (in absence of original papers), PAN number and Form 60 (if lacking PAN no.). Thereafter, consulting a professional real estate consultant can do the job for you. Distance is the biggest barrier in smooth processing of property management. Thus, Power of Attorney (PoA) delivers them the power of discharging their responsibilities to their close one. This should not be general PoA and it should be undersigned before consulate officer. Tax settlement is another problem. So, NRIs should pay 20.6% tax as the long term capital gain. There is more tax related information for them that can be caught below: …
Complete Guide of NRI Services
S2NRI has been attracting non-residents of India for years. It has been unprecedentedly rendering NRI services, like document procurement, property management, and tours-n-travels. The company has been associated with hundreds of people hailing from Indian diaspora. It has been providing timely help in obtaining birth certificate, death certificate, CENOMAR, degree certificate, mark sheet, syllabus copy, non-availability of birth certificate and many other essential documents. Alongside, migrants need not get caught up in worries of paying utility bills and maintenance of the property as it provides help in it as well. Verification of tenants, repair work, renewal deeds of lease, subletting and other rental property related matters can easily be sorted out with it. For buying any new property, it has a team of specialists who are veteran of realty sector to make NRI services at hand. In return of authority, it eliminates every hassle that can cause interruption in attaining essential documents, property, or information about the places to be visited. A team of adepts takes care of the needs of migrants. If living abroad seems the biggest barrier in paying utility bills and other important documents, it stretches hands for providing unflinching assistance to NRIs. …
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