Nri sell property in india money outside

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If you're planning to sell a residential property in India after becoming an NRI, you can repatriate the funds after paying Long Term Capital Gains (LTCG) tax. The tax rate remains 20% plus cess, with indexation benefits. You can also claim deductions under sections 54 and 54EC. The Reserve Bank of India allows NRIs to repatriate up to USD 1 million per financial year from their NRO account.

Rahul Singh

Rahul Singh (Querist)
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28 February 2022 i have a residential property in india and now if i become nri, later i decide to sell property what will happen? i am allowed to take money outside india? any extra tax or something? should i sell before becoming nri?

Rahul Singh

Rahul Singh (Querist)
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28 February 2022 any help? help me

Dhirajlal Rambhia online

Dhirajlal Rambhia online

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01 March 2022 Either way, not much difference....
You will be eligible to repatriate funds, after payment of LTCG tax, as per RBI regulations.

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Rahul Singh

Rahul Singh (Querist)
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02 March 2022 how much ltcg tax? how much will be difference in both case?

Dhirajlal Rambhia online

Dhirajlal Rambhia online

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02 March 2022 Percentage wise, no difference at all. In either case LTCG will be 20% + cess. (after indexation).
Deduction u/s. 54 &/or 54EC of the act can be claimed.
You can repatriate funds from NRO account up to a maximum limit of USD 1 million per financial year as allowed by Reserve Bank of India (RBI).

Rahul Singh

Rahul Singh (Querist)
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03 March 2022 thanks for help sir . .

Dhirajlal Rambhia online

Dhirajlal Rambhia online

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03 March 2022 Most Welcome ..

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