I give below the facts relating to one of my client for seeking your guidance:
1. Mrs. A an Indian original, citizen of Canada, residing at Canada is having piece of land near Baroda. The land is acquired through inheritance from her father. Herein after called owner of land or seller of land.
2. Mr. B. an Indian original, citizen of USA, residing in US wants to purchase said land herein after called as buyer of land.
3. Mrs. A & Mr. B does not have any income in
4. Mrs. A & Mr. B wants to register the sale deed with the sub register Baroda.
5. The valuation as per the Govt. rules for assessment of stamp duty is about Rs. 14.01 Crores.
Query
Can this deal be executed without bringing sale consideration in India? As both the parties are residing outside India, they wish to settle monetary consideration out of India.
What will be the legal procedure to complete this deal?
CAclubindia
