Indian Budget 2024 brings notable changes for NRI investors, particularly with increased taxes on capital gains and the removal of indexation benefits for real estate. These adjustments necessitate careful financial planning and consideration of tax treaty benefits to minimise the impact on overall investment returns.
NRIs must look at investing in well-established cities, that are well-connected internationally, and also provide all kinds of urban facilities and infrastructure
The RBI had provided instructions regarding the Positive Pay System and asked the lenders to launch the mechanism on January 1. It has made it mandatory for the banks that customers must be informed about the procedure.
On the Budget day, some of the terms repeatedly used by the finance minister are not easy to understand for a layman.
A lesson from Budget 2016 is that it could have done more harm than it has done…
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