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651. If I take foreign citizenship will I still have right to inherit ancestral property in India 652. What is the rate of capital gain tax in India - Selling property in India, how much will the tax be? 653. Transfer of OCI to New Passport - Got OCI at age 58 do I have to transfer OCI to my new passport? 654. Sold property in India at a loss – Is capital gains tax applicable to me . . . 655. Convert Foreign Currency to Indian Rupees on arrival at Indian airports 656. Rent car in India without a driver . . . One way car rentals in India 657. Income tax inquiry on Singapore NRIs source of funds to buy property in India 658. Father gifting Agricultural land in India to son living in UK 659. Got OCI Visa two days before age 50 - Do I need to renew OCI when I get a new passport? 660. Inheritance of Agricultural land in India by OCI - PIO - Foreigner 661. US citizen with OCI selling inherited farm land in India. What will be the tax rate on sale price? 662. Is 10 year lock-in period from date of buying property still valid before such property can be sold to send money from property sale abroad . . . 663. Has government reduced the duty on gold taken to India from 10% to 6% 664. PPF Account after British Citizenship . . . Public Provident Fund account for NRIs 665. Problems at Chennai airport in calculating customs duty on 1 Kg of silver declared by Australian resident . . . 666. FRRO Registration - Canadian passport holder with OCI exempt from registration 667. Can US citizen with OCI living in India for ten years hold FCNR and NRI bank accounts in India - Tax filling requirement of OCI in India and USA . . . 668. Can the children born in Canada now over 18 years with Canadian passports apply for OCI on their own when their parents are Indian nationals       669. Gold Customs Duty confusion | Is Rupees 400/- per 10 grams of gold correct? 670. Recommend a lawyer in Chennai, India | Apply for Indian citizenship 671. Agent who can help in India to get expired Indian driving license renewed 672. Child born & living in India how to apply for OCI while staying in India 673. If first OCI Visa taken after age 50 then new OCI documents are not compulsory . . . 674. Can Australian citizen inherit father’s agricultural land in India? 675. Depositing cheque received for sale of property in India to bank account in India    
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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

Welcome to our NRI, PIO, OCI  

Question & Answer Index Page 26

Click question to read answer . . .

651. If I take foreign citizenship will I still have right to inherit ancestral property in India 652. What is the rate of capital gain tax in India - Selling property in India, how much will the tax be? 653. Transfer of OCI to New Passport - Got OCI at age 58 do I have to transfer OCI to my new passport? 654. Sold property in India at a loss – Is capital gains tax applicable to me . . . 655. Convert Foreign Currency to Indian Rupees on arrival at Indian airports 656. Rent car in India without a driver . . . One way car rentals in India 657. Income tax inquiry on Singapore NRIs source of funds to buy property in India 658. Father gifting Agricultural land in India to son living in UK 659. Got OCI Visa two days before age 50 - Do I need to renew OCI when I get a new passport? 660. Inheritance of Agricultural land in India by OCI - PIO - Foreigner 661. US citizen with OCI selling inherited farm land in India. What will be the tax rate on sale price? 662. Is 10 year lock-in period from date of buying property still valid before such property can be sold to send money from property sale abroad . . . 663. Has government reduced the duty on gold taken to India from 10% to 6% 664. PPF Account after British Citizenship . . . Public Provident Fund account for NRIs 665. Problems at Chennai airport in calculating customs duty on 1 Kg of silver declared by Australian resident . . . 666. FRRO Registration - Canadian passport holder with OCI exempt from registration 667. Can US citizen with OCI living in India for ten years hold FCNR and NRI bank accounts in India - Tax filling requirement of OCI in India and USA . . . 668. Can the children born in Canada now over 18 years with Canadian passports apply for OCI on their own when their parents are Indian nationals       669. Gold Customs Duty confusion | Is Rupees 400/- per 10 grams of gold correct? 670. Recommend a lawyer in Chennai, India | Apply for Indian citizenship 671. Agent who can help in India to get expired Indian driving license renewed 672. Child born & living in India how to apply for OCI while staying in India 673. If first OCI Visa taken after age 50 then new OCI documents are not compulsory . . . 674. Can Australian citizen inherit father’s agricultural land in India? 675. Depositing cheque received for sale of property in India to bank account in India    
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