Remitance in case of NRI for Capital Gain

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article assistant
140 Points Posted on 21 March 2020
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 ?
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On 21 March 2020 at 09:15 Report
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Quick Summary
This discussion addresses the remittance process for Non-Resident Indians (NRIs) selling property in Mumbai to another NRI. It explores the permissibility and best practices for transferring funds directly between NRI accounts, including the crucial step of deducting applicable TDS and crediting the remaining amount to the seller's NRO account. Guidance is sought on navigating these transactions and ensuring compliance.

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online

SEO Sai Gr. Hosp.
212548 Points Posted on 21 March 2020

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

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On 21 March 2020 at 10:26
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be a chartered accountant
42 Points Posted on 22 March 2020
Contact for advice vikaskhiyani71 @ gmail.com
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On 22 March 2020 at 01:16

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