Ram (retired officer) 19 July 2012
my friends son is NRI. He left for US IN 2001.he completed his masters there and got a job.
he pays income tax there . is it necessary for him to take a PAN CARD here? he has no income in India.
if he purchases any property in India, will he require a PAN CARD ?
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 20 July 2012
no not required.
Ram (retired officer) 20 July 2012
Thank You Mr.Ramachary
CA. Vikash Dwivedi (Chartered Accountant) 24 July 2012
since he is NRI he is not required to have PA N. Also, under
Foreign Exchgne Mgt Act he can invest in properties in India for whihc he will require PAN since for a transaction of more than 50K one has to quote PAN.
R RAJAGOPALAN (ADVOCATE) 17 August 2012
If he has no income taxable in India, he doesn't require any PAN.
He odesn' require PAN to purchase property in India. However it is adiiferent matter if he gets taxable inconme form he property.
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