9 - 9.10 %
Salaried Individuals (Both Resident as well as NRI)
Self Employed Individuals (Customized scheme for Doctors, CAs & other Professionals)
Self Employed Non Individuals
ID Proof- PAN, Driving License, Aadhaar
Address Proof- Aadhaar, Utility bills
Salaried: 3 month payslip/form 16, Last 6 months salary a/c statement
Self employed: Latest 2 year ITR, Last 6 months current a/c statement
Processing fee cheque
Q1. How many properties can an individual own?
An individual can own as many properties as they want.
Q2. What do you mean by person resident in India?
As per India's Foreign Exchange Management Act (FEMA) 1999, a person resident in India is a person residing in India for more than 182 days during the course of the previous financial year (April-March) and who has come to or stays in India either for employment, business or for any other vocation.
Q3. Who or what is a PIO?
PIO(person of Indian origin)means an individual (not a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal or Bhutan), who at any time has held an Indian passport, or who or either of his parents or grandparents were a citizen of India according to the Indian Constitution or the Citizenship Act, 1955.
Q4. What documents should I verify before buying a new property?
Following documents are necessary:
Approved Building plans
Completion Certificate (For Newly constructed property)
Commencement Certificate (For Under-construction property)
Conversion Certificate( If agricultural land is converted to non-agricultural)
Khata Certificate (especially in Bengaluru)
Latest Tax Receipts
Q5. Is there any tax benefit for NRI(Non-Resident Indian)?
NO. Tax benefits are available only if the NRI files their returns and subsequently become eligible to avail the tax benefits.
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