Foreign national to sell ancestral property in india
This query is : Resolved
Neha Sanjay Sarawagi
(Querist)
03 December 2012
A Foreign National (US Citizen) of Indian Origin owns ancestral property in India. He wants to develop that property and then sell it. What is the compliance that he needs to take care of. (Reg PAN, RBI Limits or any such issues)
Please Help.
Please Help.
CA. Anuj Gupta
(Expert)
03 December 2012
There are not much requirements apart from FEMA and Income Tax.
That can be taken care once the property is developed.
Anuj
femaquery@gmail.com
That can be taken care once the property is developed.
Anuj
femaquery@gmail.com
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Neha Sanjay Sarawagi
(Querist)
03 December 2012
Thank u Sir. But please make me aware of the requirements under FEMA and IT Act.
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