Keerthi’s FinFo NRI

Are you actually an NRI, or just living abroad?

NRI status isn’t about where you live, it’s about India’s residency test under Section 6.

You’re a resident if you stay 182+ days in India, or 60+ days plus 365+ days across the prior four years. Indian citizens leaving for employment only face the 182-day test. Visitors get the same relaxation up to 182 days.

Even if you spend zero days in India, you can be a “deemed resident” if your Indian income exceeds ₹15 lakh and you’re not taxed as a resident anywhere else. Getting this wrong means misjudging what’s taxable in India.

Want clarity on your exact NRI status? Read the full breakdown, link in bio for contact.

Which Investments can beat FD returns with capital preservation for NRIs?

REITs and InvITs offer growth potential and steady income while preserving capital — a diversified middle ground beyond fixed deposits, backed by regulated real estate cash flows.

Read the full breakdown and check the link in bio to start investing.

My little Krishna stole the show today 💛
May Lord Krishna fill your life with peace, his wisdom guide your path, and his playful spirit keep you young at heart.

Happy Janmashtami!

What is the cost of acquisition for ancestral property with no purchase deed for NRI tax purposes? — here’s the actual answer.

If the original purchase deed is missing, does that mean your cost of acquisition is zero?

No.

For inherited property, the previous owner’s purchase cost carries over as your cost of acquisition, regardless of missing paperwork.

So what cost do you use when the property was bought decades ago?

The Income Tax Department allows the Fair Market Value as on 1 April 2001 to be used as the cost of acquisition instead of the actual purchase price. This is the recognized base year for capital gains on old property in India, no matter when it was actually bought.

But how do you prove that value without a purchase deed?

A registered valuer’s report as on 1 April 2001 can serve as valid proof of cost. Combined with inheritance proof and ownership documents, this forms the standard evidence accepted during tax assessment.
Is there anything else NRIs specifically need to watch for?

Yes — TDS. Buyers are required to deduct TDS on the sale, typically at a higher rate for NRIs than for resident sellers, often 20% or more of the sale value.

Can that rate be reduced?

Yes, by applying in advance for a Lower Deduction Certificate under Section 197 can lower the TDS rate and prevent delays in receiving sale proceeds.

📩 Need personalized guidance? Link in bio.

Section197 TDSonPropertySale

Massive Response!

India receives $127+ Billion in inflows through FCNR Deposits from NRIs.

Comment “NRI” to read the detailed report.

If you are planning the UAE trip, this is the right time.

Indians can get visa free entry !

Here is what you need to know.

How to Keep NRI Retirement Funds in US Dollars?

If you want to keep your hard-earned money in USD in India, protecting it against rupee depreciation, now there is an easy way. Your money stays in dollars and grows in dollars — completely tax-free till you maintain NRI status.

Comment “NRI” to explore global investing in USD.