Punjab Govt bringing law to counter NRI Grooms who desert their Wives in India

In Punjab, the NRI grooms are notorious for deserting wives in India.  The people in Punjab are also obsessed about marrying NRIs and going abroad and for that they do whatever it takes to find and hook onto such a groom.  Many times it doesn't work out.  Not only is the girl deserted, but the in-laws have extracted a heck of a lot of money as well from the bride's family by then.  This needs to be stopped.  And now, after so many years the Punjab Government is proposing some measures. 15,000 wom … [Read more...]

Deciphering Gift Tax for NRIs

Gift tax is always tricky specially if you are an NRI.  Here is some good information on it.  Click on the title of the post to go to the story. Prior to 1998, gifts used to be taxed in the hands of the giver in the form of Gift Tax. However, in 1998, this Gift Tax was abolished. Subsequently in 2004, a new tax on gifts was introduced in the Income Tax Act according to which, tax would be levied, in certain cases, in the hands of the receiver.According to this provision, any gifts in excess of … [Read more...]


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