What are the latest Indian rules for repatriation and what is the procedure to follow?
October 24, 2009 by atoneplace
Question asked by Mr. Shiva Badruswamy
from New York, USA:
Hello there:
Thank you for being very informative about real estate Indian laws. I am about to inherit a property in India worth roughly $1 million. I am a US Citizen of Indian Origin. I want to sell the property and bring the cash over to the US or buy another property in another country or invest in any security. What are the latest rules and what is the procedure to follow?
Best wishes,
Shiva Badruswamy
New York, NY, USA
Posted in Bank, Buy Real Estate, Capital gains, FCNR Account, Indian Property, Indian Real Estate, Non Resident, NRE account, NRI, NRO account, PIO card, Property Registration, Real Estate, Registration, Repatriate, Residential Property, Sale Deed, Service Tax | Tagged Capital gains, FCNR, immovable property, Indian Property, Indian Real Estate, NRE account, NRO account, PIO, repatriation, Residential Property, Sale Deed, tax compliance, taxation | Leave a Comment
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