Unlike residents, NRIs are not required under the law to pay tax on overseas earnings or declare foreign assets. However, if they overstay - spending more than 181 days in a year in India - tax and disclosure regulations, as related to residents, apply to them.
Unlike residents, NRIs are not required under the law to pay tax on overseas earnings or declare foreign assets. However, if they overstay - spending more than 181 days in a year in India - tax and disclosure regulations, as related to residents, apply to them.
The significant price difference between the iPhone 15 Pro and Pro Max models in India compared to other countries is anticipated to drive direct imports by holidaying consumers and boost demand in the grey market. Traders in grey market hubs have already started taking advance bookings for these models. The high price difference, especially in Dubai, Thailand, and the US, may lead to more sales through grey markets and consumers purchasing units abroad. Experts attribute the price hike in India to currency arbitrage and customs duty.
In the first half of the year, net absorption or new leases stood at 15 million sq ft in the top eight cities of India. In terms of demand for warehousing, Mumbai, Pune and Delhi-NCR emerged as the top three locations in terms of demand during this period.