333. Purchase property in India in wife's name Q: I am NRI in Ksa ,I want to know ,if I want to purchase property in my wife( house wife without job ) name in India by transaction through my NRE account , I want to pay tax? Dr.Abdul Nazar A. If your question refers to whether you can purchase property in India in your wife's name and make the payment from your NRE account, the answer is yes. I don't quite understand what you mean by 'I want to pay tax' Under normal conditions, when buying property in India, everyone has to pay the registration fee etc. Those who buy properties using funds from their NRE accounts also have to pay property registration charges. If this does not answer your question, kindly email me your question explaining what you need to know.
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333. Purchase property in India in wife's name Q: I am NRI in Ksa ,I want to know ,if I want to purchase property in my wife( house wife without job ) name in India by transaction through my NRE account , I want to pay tax? Dr.Abdul Nazar A. If your question refers to whether you can purchase property in India in your wife's name and make the payment from your NRE account, the answer is yes. I don't quite understand what you mean by 'I want to pay tax' Under normal conditions, when buying property in India, everyone has to pay the registration fee etc. Those who buy properties using funds from their NRE accounts also have to pay property registration charges. If this does not answer your question, kindly email me your question explaining what you need to know.
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
NriInformation Questions &Answers
Read Disclaimer at bottom of page