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- I am US citizen who has sold property in India. How to cut . . .
Amit Maheshwari, Partner, AKM Global replies: The Income-tax Act provides that the exemption u s 54 may be availed by the non-resident on the capital gains from sale of house property in India through purchase of another house in India to the extent of the amount invested
- How to sell property in India and bring money to the USA
If you're a NRI (Non-Resident Indian), OCI (Overseas Citizen of India) or PIO (Person of Indian Origin) and you own a home in India you may be wondering how to go about selling property in India from the USA This guide covers everything you need to know, including the tax implications when you transfer money from India to the USA
- NRIs selling real estate in India: Understand the . . .
As a Non-Resident Indian (NRI) Overseas Citizen of India (OCI), you may sell any immovable property in India, including residential or commercial, to a person resident in India or another NRI PIO OCI However, you must comply with the relevant Foreign Exchange Management Act (FEMA), 1999 regulations while repatriating the sale proceeds from India
- 5 Things NRIs Should Note When Selling Property in India
If an NRI is selling property in India, the buyer is required to deduct TDS at the rate of 20% in case of long-term capital gains However, if the property is sold before two years, TDS shall be deducted at the rate of 30% as a short-term capital gains tax
- How To Sell Property In India While Living In the US
Selling a property in India as a non-resident can be complicated because you aren't there, but knowing the requirements can make it easier Gathering your documents, understanding the tax implications, and having professional support is the key to successfully selling property in India
- Selling Property in India as an OCI: A Comprehensive Guide . . .
Learn the step-by-step process of selling property in India as an Overseas Citizen of India (OCI) Understand tax implications, legal requirements, and essential considerations for a successful property sale
- SALE OF PROPERTY IN INDIA - Taxes and Legal | LawCrust
If you’re a US citizen looking to SALE OF PROPERTY IN INDIA, understanding the legal procedures and tax implications is crucial Whether you’re a Non-Resident Indian (NRI) or a foreign citizen, following the right steps will ensure a smooth and financially successful transaction
- NRI Selling Property in India: The Ultimate Guide (2023)
Can NRI Sell Property in India? A Non-Resident Indian (NRI) can sell his her residential or commercial property to either a Resident Indian, another NRI or a Person of Indian Origin (PIO) Such transactions do not require any special permission from the Reserve Bank of India (RBI)
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