يحاول ذهب - حر
NRIs: property gifts and equity investment
June 30, 2026
|Mint Mumbai
I have returned to India after working in the UAE for over a decade. I own a property in the UAE and want to gift it to my brother, who still resides there. Will either of us have any tax liability in India on this gift?
Under the Income-tax Act, 1961, gifts received from specified relatives are exempt from tax. Since a brother and sister fall within the definition of ‘relative’, the proposed gift of the UAE immovable property to your brother qualifies for this exemption. Accordingly, neither you nor your brother will be liable to tax in India.
From a FEMA perspective, the Overseas Investment (OI) Rules, which restrict the transfer of foreign immovable property by way of gift, do not apply to foreign assets acquired while a person was resident outside India.
هذه القصة من طبعة June 30, 2026 من Mint Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Mumbai
Mint Mumbai
Delhi policy delivers boost for EVs, blow to hybrids
Delhi on Monday unveiled an electric vehicle (EV) policy that favours battery electric vehicles (BEVs) over hybrids, mandates a phase-out of new petrol and diesel two-wheelers from April 2028, and three-wheelers and light commercial vehicles from January 2027, and limits full road-tax exemption to electric cars priced below ₹30 lakh.
4 mins
June 30, 2026
Mint Mumbai
Merged PFC-REC may face mounting borrowing costs
The long-awaited merger of REC Ltd with its parent, Power Finance Corp. (PFC), won board approval late Sunday, creating a stronger balance sheet and a larger lending institution. But the merged entity may face higher borrowing costs in the near term, as investor exposure limits would narrow its bond investor base, market experts said, calling for a diversified funding basket.
3 mins
June 30, 2026
Mint Mumbai
NPS RETIREMENT: THE CASE FOR RIS, ANNUITY AND SLW
India's National Pension System (NPS) has introduced a postretirement option-the Retirement Income Scheme (RIS)-to provide a steady post-retirement income.
2 mins
June 30, 2026
Mint Mumbai
Govt to lift limit on diesel sales from 1 July
Amid easing crude oil and fuel supply conditions, the petroleum and natural gas ministry will remove the cap on procurement of diesel at retail pumps from 1 July.
1 min
June 30, 2026
Mint Mumbai
Can Persistent digest Nagarro?
Shares of Persistent Systems Ltd dropped as much as 11% to hit a 52-week low of 4,265 on Monday after it decided to acquire Munich-based Nagarro SE for an enterprise value of ₹1.27 billion.
2 mins
June 30, 2026
Mint Mumbai
War cools, but high freight rates to stay
Strong tanker demand keeps capacity tight as Hormuz reopens
2 mins
June 30, 2026
Mint Mumbai
Venezuela rushes to find survivors as quake toll hits 1450
Hopes were fading Monday of finding survivors more than four days after powerful twin earthquakes struck Venezuela, as residents grow increasingly frustrated with the government’s response to the disaster that has killed at least 1,450 people and left tens of thousands unaccounted for.
2 mins
June 30, 2026
Mint Mumbai
Microfinance firms deepen AI adoption
India's microfinance institutions are expanding the use of artificial intelligence (AI) across customer calls, cybersecurity and internal operations as lenders look to improve efficiency, reduce costs and strengthen risk management, according to executives.
2 mins
June 30, 2026
Mint Mumbai
Why a business demerger left Astral investors dissatisfied
Demergers are usually cheered by the markets, but Astral Ltd’s wasn't. Its stock fell 8% to ₹1,368 apiece on Monday after the firm said it will hive off its chemicals business into a separately listed entity, Astral Chemie.
1 mins
June 30, 2026
Mint Mumbai
How war brought life back to retail in currency derivatives
High volatility prompted investors to hedge underlying exposure, raising daily turnover share
3 mins
June 30, 2026
Listen
Translate
Change font size