BANGALORE: Investing in India is lucrative especially for the NRIs across the world. NRIs are happy with the change of government and are going further with their investing options in India. It is expected that the rupee will gain a few percent in view of signs of a stable economy. Currently what investing in India is making attractive are the all-time high interest rates and also the real estate sector is high on gaining investments from NRIs. As such, most of the NRIs are seen coming back to India with an intention to sell off their properties laid back in India, reports Business Standard.

Though the selling of properties is not so difficult, the process of repatriating money back into the accounts of their country of residence is.

While they enjoy a restriction-free investment opportunities in asset class, there are some restrictions on the process of procuring money to be remitted abroad.

Though there are no major restrictions on NRIs for investments in residential or commercial properties, they are not allowed to invest in agricultural lands, plantations and farm houses back in India. For investments in real estate, gold or equities, it is necessary for NRIs to open a Non Resident Rupee or Non Resident Ordinary Rupee account. While the interest earned in NRE accounts is not taxable, NRO accounts are taxable.

Coming to the taxation rules for the NRIs, it is same as the residents in India with some differences, like long-term capital gains on equity funds is tax-free or exempted while short term capital gains on equity funds is taxed at 15 percent, both under equities and Mutual funds.

Though there is huge money coming in to India through NRIs government has imposed several hurdles in the way to repatriate money back to the country of their residence. This process though, is not sulking down the sentiments of the NRIs in buying out properties in India and investing in other areas, but is expected to attract more.

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