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mohammad (article assistant)     21 March 2020

Remitance in case of NRI for Capital Gain

Dear sír,

NRI is selling his property situated in
mumbai to another NRI. now purchaser is asking for send money from his NRI account to sellers NRI account directly.
whether any restriction on that transfer?

pls guide on this transaction and best route for them to settle their payment and compliance if any needed ?

 2 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (KVO Merau Kutchh)     21 March 2020

Amount to be transferred to NRO account after deduction of applicable TDS.

1 Like

vikaskhiyani (be a chartered accountant)     22 March 2020

Contact for advice vikaskhiyani71 @ gmail.com

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