This NRI couple in Melbourne is looking to move back for family and higher affordability

This NRI couple in Melbourne is looking to move back for family and higher affordability

While the quality of life in Melbourne is superior, it comes at a heavy price — both literally and metaphorically. “We miss family and the general lack of community the most. Australia is a lonely country. That’s the primary reason we want to move back,” said Saurabh. “Also, the cost of living as a percentage … Read more

Do I have to deduct tax for paying rent to a non-resident landlord?

Do I have to deduct tax for paying rent to a non-resident landlord?

I live in a rented flat in Noida, U.P., paying a rent of less than two lakh per annum (INR). The flat owner is an NRI residing in Dubai, UAE. Please advise whether I, as a tenant, must deduct tax before paying rent every month to the NRI landlord. If yes, how much deduction is … Read more

Furniture and fixtures can save you capital-gains tax and stamp duty. But only if you do it right.

Furniture and fixtures can save you capital-gains tax and stamp duty. But only if you do it right.

For the buyer, this meant stamp duty savings on the ₹16 lakh portion. It seemed like a win-win until the NRI tried transferring the sale amount to his US bank account. When an NRI wants to remit money abroad, they must obtain certificate 15CB from a chartered accountant (CA) to prove the source of funds; … Read more