Recently, RBI has permitted non-residents of India to invest in agricultural or plantation land and a farmhouse. This is an addition to the rights for NRI who want to buy a property here. Earlier, they were able to purchase a residential or commercial property only.
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FEMA Tax Rules for OCI Holders Who Return from the US
Over 85K Indians apply for the visa of the US. This number of visa applicants is increasing year after year.
The taxation rules for Indians living in the USA are applicable as per the residency status. Like goers, there are non-residents of India, including OCI card holders & PIOs who return temporarily or permanently.
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