A Person of Indian Origin (PIO) is a foreign citizen (excluding nationals of Pakistan, Bhutan, Afghanistan, Sri Lanka, Bangladesh, China, Iran, and Nepal), who, at some point, held an Indian passport. Alternatively, eligibility extends to individuals whose parents, grandparents, or great-grandparents were born and maintained permanent residency in India, as defined in the Government of India Act, 1935, and other territories later incorporated into India. Crucially, none of them should have been citizens of the countries. Additionally, eligibility encompasses spouses of Indian citizens or PIOs. 

The Overseas Citizenship of India (OCI) is an immigration status enabling foreign citizens of Indian origin to reside and work indefinitely in the Republic of India. 

Yes. Non-Resident Indians (NRIs) are allowed to purchase both residential and commercial properties in the country without any prescribed limit on the number of such properties. It's important to note that NRIs, however, are restricted from acquiring plantation land, agricultural land, or farmhouses in India. Acquisition of such properties is not permissible, whether by purchase or as a gift. Nevertheless, there are no restrictions on inheriting such properties. 

The Reserve Bank of India (RBI) typically authorizes select financial institutions specializing in housing finance to extend housing loans to Non-Resident Indians (NRIs). These loans are tailored for the acquisition of houses or flats intended for self-occupation, with specific conditions applicable. 

No restrictions exist on the number of residential or commercial properties an NRI can own in India. 

Individuals have the option to refrain from granting Power of Attorney (POA) to real estate developers. However, choosing this route would necessitate all documents to be sent to your foreign residence, potentially leading to increased time delays. 

An NRI can acquire a Home Loan of up to 85% of the Total Consideration Value. 

Income tax is not levied solely on the acquisition of property. However, any income derived from its ownership, such as rent or the annual property value (if not rented), becomes taxable. Notably, this applies if the property is not the individual's sole residential asset in the country. Additionally, any short-term or long-term capital gains resulting from the sale of the property or a portion thereof are subject to taxation in the hands of the owner. 

Certainly. As your developer, we comprehend the distinct needs of NRIs regarding real estate management and investment. Recognizing the unique requirements, we offer specialized services tailored to your needs. The Government of India's approval for 100% repatriation for NRIs brings further ease. Additionally, the RBI's general permission to reputable financial institutions, including HDFC and LIC Housing Finance Ltd., allows housing loans for NRIs acquiring properties for self-occupation, subject to specific conditions. 

Yes. Long-term and short-term capital gains are taxable in the hands of non-residents. 

If you are an NRI / OCI / PIO, filing income tax returns is mandatory if you meet either of these conditions: Your taxable income in the country for the year exceeded the basic exemption limit of INR 1.6 lakh OR You have incurred short-term or long-term capital gains from the sale of any investments or assets, regardless of whether the gains fall below the basic exemption limit. 

Traditionally, filing tax returns for NRIs involved assigning Power of Attorney to someone in India or sending documents with forms to a tax expert for filing on their behalf. However, the most convenient modern approach is utilizing online platforms. NRIs now have multiple online options for filing their Indian tax returns with ease.