Expert says OCIs and NRIs can now save more tax on their property in India

Amit Maheshwari, Tax Partner at AKM Global, has analysed India's Union Budget for 2022-23 for SBS Hindi. Mr Maheshwari said the Indian government has capped the surcharge on long-term capital gains tax on property and unlisted shares at 15 per cent. Mr Maheshwari said earlier the surcharge could go up to 37 per cent depending on a person's income. He said this will benefit everyone, including non-resident Indians (NRIs) and overseas citizens of India (OCI) who invest heavily or have properties in India. Listen to the podcast to know more about the benefits announced for NRIs and OCIs announced in Budget.

Indian Finance Minister Nirmala Sitharaman (C) outside the Ministry of Finance in New Delhi on 01 February 2022. Source: AAP Image/EPA/RAJAT GUPTA

Views expressed in this podcast are general in nature. Please consult a certified tax advisor or relevant authorities before making any investment or tax-related decision. 

Listen to the podcast in Hindi by clicking on the audio icon inside the picture at the top. 

Tune into SBS Hindi at 5 pm every day and follow us on Facebook and Twitter.