RBI Tax Implication for the NRI Home Buyers

No matter what part of the world you reside, buying a home in India is a dream for many. The Indian laws over the years have made the acquisition process easier and thus number of NRI show interest in buying property in India. With the falling price of Indian rupee property market is attracting the NRIs. Yes, NRIs can buy property in India accept agricultural land, plantation lands, farmhouses, etc even cannot acquire property as a gift. Well, there is no restriction in inheriting such property. Do they need permission from RBI for the purchase? – No, an NRI does not need permission from the RBI to buy a residential or commercial property in India. How Do NRIs fund their purchases? – As there are no upper limits for remittance...

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Bank Card Protection Features: Debit and Credit Cards

Both credit cards and debit cards offer several layers of security to protect customers from fraud and wrongful use. If you are someone who likes the convenience of making cashless transactions using a credit or a debit card, it is best to be aware of card security features so you are able to make the most out of your card. Zero liability Zero liability protection does not hold the cardholder responsible for unauthorised purchases – both offline and online – made using a credit or debit card. Now a basic feature for almost any credit or debit card, the issuer reimburses stolen funds to the cardholder. There are usually limits to coverage and customers must immediately report any questionable items on their statement within a limited...

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