Nri sell property in india money outside
This query is : Resolved
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?
28 February 2022
any help? help me
01 March 2022
Either way, not much difference....
You will be eligible to repatriate funds, after payment of LTCG tax, as per RBI regulations.
You will be eligible to repatriate funds, after payment of LTCG tax, as per RBI regulations.
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02 March 2022
how much ltcg tax? how much will be difference in both case?
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).
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).
03 March 2022
thanks for help sir . .
03 March 2022
Most Welcome ..
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