Judgment Against Property For Nri In India In Los Angeles
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What happens if NRI sells property in India? You can sell your residential or commercial properties in India. The sale proceeds attract TDS, and capital gains attract short or long-term capital gains, depending on your holding period. Also, you can repatriate these proceeds to your home country.
To register a foreign judgment, one must file a new California lawsuit. If the California court recognizes the decision from the foreign court, it will issue an essentially identical judgment. Therefore, the California court does not have to rehash the substantive issues of the foreign lawsuit.
A judgment obtained from a non-reciprocating territory can be enforced by filing a new suit in an Indian court for which a limitation period of 3 years has been specified under the Limitation Act, 1963, commencing from the date of the said judgment passed by a foreign court.
Foreigners can largely buy residential and commercial properties in India. However, agricultural land, plantation property, and farmhouse property come under restrictive categories.
Keeping original documents handy: Keeping original documents handy. Regular updation in Govt. Fencing/boundaries. Public notification. Professional help: NRIs can seek the help of various companies specializing in property protection in return for service commission. Neighbors. Caretakers. Tenancy precautions:
NRIs, from wherever they are living abroad can directly register their complaints on the State Government's NRI Grievance portal and can monitor the progress of their complaint online from their countries.
By investing here, NRIs can also expect to earn favourable rental income as rental yields in non-Metros can be higher than the rental yields in metros. NRIs are also keen on getting back to their hometowns once their children start growing up so that the latter can imbibe Indian traditions and values.
Keeping original documents handy: Keeping original documents handy. Regular updation in Govt. Fencing/boundaries. Public notification. Professional help: NRIs can seek the help of various companies specializing in property protection in return for service commission. Neighbors. Caretakers. Tenancy precautions:
Non-Resident Indians (NRIs) can file civil suits in India. The jurisdiction for such suits is generally determined by the Code of Civil Procedure, 1908 (CPC) and specific statutes relevant to the subject matter of the suit.
Power of attorney for NRIs. 1. Create the power of attorney on a plain paper, mention details of property 2. Sign it in front of a Notary here in US. 3. Get it attested by Consulate General India's office in New York. 4. Send it to India 5. My father gets it registered at the registrar's office. 6.
