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Procedure for NRI to Sell a Flat in India

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Guest

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Guest (Querist)
29 March 2010 Dear All,
One of my clients have a residential property in india purchased when they were in india

The property is in joint name

They want to sell the property and invst abroad only

I want to know the procedure and formalities and taxability

does the wife also needs to come to india if they want to sell the flat..?
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Vishnu Saboo

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Vishnu Saboo (Expert)
30 March 2010 i believe, Income earned from India must be considered as Indian income and tax must be payable accordingly.
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
30 March 2010 in my opinion not require to come India, Pay capital gain if arise on sale,
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
02 April 2010 agree with Mr Ashok
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