BLESSINGS AND BEST WISHES

Thursday, April 30, 2015

TAX BENEFITS FOR SENIOR CITIZENS

  1. http://taxguru.in/income-tax/what-are-the-tax-benefits-available-to-senior-citizens.html
  2. SENIOR CITIZENS ---- THIS IS A VERY VERY INFORMATIVE ARTICLE-
  3. PLEASE GO THROUGH AND KNOW MORE.
  4. Wish you all a long life with good health,peace and harmony.

Wednesday, April 1, 2015

Donate for Education of poor students

know about taxation- non-residents

  1. http://www.itsallaboutmoney.com/nri-corner/nri-tax-planning/
  2. http://www.itsallaboutmoney.com/nri-corner/nri-tax-planning/
  3. http://en.wikipedia.org/wiki/Non-resident_Indian_and_person_of_Indian_origin
  4. http://www.sugamhomes.com/faq.html

  1. Can NRIs give a Power of Attorney in favor of a person of my choice in India to complete loan formalities on my behalf?


    Yes, normally it is desirable to appoint a Power of Attorney in India to represent his in dealings in India. The Power of Attorney should be executed as per drafts provided by the housing finance company. The Power of Attorney can be given to any person of his choice in India. 

     Can the house occupied by NRI be let out?


    The RBI has granted general permission to NRI's and foreign citizens of Indian origin, to let out their residential properties acquired for their bonafied residential purpose but which on account of their residence abroad, are not required for their immediate residential purpose. The rental income cannot be repartriated. Thus rental income must be credited to the NRO account / resident accounts in India.

Indian income Tax- for residents