The second phase of the Pravasi insurance scheme for expats starts on August 18, 2023. This initiative aims to provide better financial security for expatriates, enhancing their welfare abroad. With increased coverage options, the scheme addresses the unique challenges faced by Indian workers overseas, ensuring they have access to essential services. Stay informed about this vital program that supports the expatriate community.
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Understanding capital gains tax for NRIs is crucial when selling jointly owned property. An NRI and her resident sister may face different tax treatments, impacting their financial outcomes. The resident co-owner can also claim the reinvestment exemption independently, making tax planning essential for property sales.
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