This amount on sale of property can be remitted out of India. This facility is limited to two properties only. Instead of repatriation the banker can permit deposit in NRE account. Tax on gains will be payable by you as applicable. Sale within 36 months will be giving rise to short-term gain taxable at the current slab rates.

No tax liability will arise in India on notional gains arising on appreciation in investment till it is crystallised on withdrawal. The tax patterns will be similar to the US practice mentioned by you.

Remittance into India will not be taxable per se.

This can be avoided by getting a certificate from the tax officer on the exact amount of tax liability on the redemption of units, for which an application be made either by the recipient or the Mutual Fund.

Receipt of such money from a friend will be taxable as income under a special provision that taxes all receipts other than from 'relatives' as income if the amount exceeds INR 25,000 in a year. Transfer money to parents will not pose any tax problem and this can be done by wire transfer or through special money transfer intermediaries, like Indian Post Office.

Purchase of house doesn't create any tax problem, even if acquired by NRI/PIO.

Unlikely, since the provision applies only if the person leaves India in pursuance of an employment. If the employment was fixed only for 5 months to start with, this won't be possible.

No tax would arise on repatriation of money into India.

1. One residential house is exempt from wealth tax.
2. There is no need to get a clearance certificate. When there is no liability there is no need to file a return of wealth tax. Local taxes are a state subject and may apply.
3. There is no specific NRI certificate issued by RBI.
4. If the house is given out on rent the income thereon is liable for income tax.
5. An NRI can buy and maintain a motorcar in India.

The procedure is to file a return of income and claim the refund if applicable depending on the ultimate tax calculations. One can file the return directly in the NRI circle or engage a tax consultant for this purpose.

Since you are an NRI income earned in India is taxable in India and a return of income, as an NRI has to be filed in India. The salary earned outside India is not taxable here since you are an NRI.

If the proceeds of the sale of land is invested in specified bonds like National Highway Authority bonds, rural electrifications bonds etc capital gains on the sale is exempt under section 54EC of the Income tax Act. There of course conditions like holding period for the bonds, which are specified.
Agricultural land situated beyond certain limits will also qualify for the capital gains exemption. To calculate the capital gains the original cost is taken as the basis. Indexation will apply taking the value as at 1.4.81 and indexing the value from thereon. The capital gains need to be reinvested in the bonds to qualify for the exemption and not the entire proceeds.

Since you are a non-resident and do not earn income in India there is no tax liability in India and no need to file a return of income in India. In respect of funds transferred to India from the USA there is no tax incidence.

1. You could give a general power of attorney and the only safeguard to be taken is the integrity of the holder. There is no other implication.
2. The rental income is taxable and will suffer TDS. A return of income has to be filed.

You could take the amount as gift from your brother without attracting any tax on the amount received. Avoid father-in-law from the loop. It would result in the amount being treated as income.

One would have to examine if your case can come under the exemption provided in section 10(6)(ii) of the Act dealing with income earned by embassy officials. If so you could also claim the exemption. For a period of 2 years she need no pay tax in India on the rental income earned in the US. After that it is taxable here.

1. Return will be due if assessable income arises in India. You will need a PAN to file a tax return. Return will be due on 31July 2006.
2. Income from Qatar employment will not be liable to tax in India
3. Income from SBI deposits will be taxed unless it is a foreign currency deposit

Income from NRO account will be taxable.

There is no tax clearance certificate required.

Currently there is no tax on the interest and hence no need to file return.

This will not be taxable in India.

Investments will be possible subject to existing limits in different companies. Debt investment is also possible. Tax on dividend is exempt in India for the shareholders. However, specific tax advice will be necessary as the quantum of investment is quite significant.

The terminal benefits will not be taxable in India.

No tax will arise on withdrawals from the NRE deposits.