NRI's OWNS PROPERTY IN INDIA (very informative, must read)
NRI Populations: Overseas Indians, officially known as Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs), are people of Indian birth, descent or origin who live outside the Republic of India. According to a Ministry of External Affairs report, there are 32 million NRIs and PIOs residing outside India. The NRI populations will be expected to grow 1% + every year which turns in number around 320,000 every year & this number may quite bigger in reality as india is well connected globally and poised to grow very fast in near future. PAN CARD is Mandatory: A PAN (Permanent Account Number) Card is mandatory not only for resident Indians but also for NRIs who wish to invest in India or have any Indian income. Let’s understand the uses of a PAN card for NRIs and OCIs. PAN NO. Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any "person" who applies for it or to whom the dep
