New York, Michigan, California, Florida, Illinois, New Jersey, Texas, Virginia, Pennsylvania, Georgia, Maryland
Country: United States
Your email has been registered as a doctor and it cannot be used to ask a question.
Q: What are the tax implications for an NRI to sell the property in India purchased before 10 years and can we repatriate the entire proceeds of about INR 60 lakhs out of India?
A: Before allowing any remittance to take place from India, the banker (authorised dealer) will need to ensure that the necessary taxes are paid on that amount. For this, the Govt has prescribed Form...
Q: I want to sell a property in India which I jointly own with my mother. I am paying all the mortgage amount as my mother has no incoome. I am an overseas citizen now. I have send my mother with power of attorney signed and sealed by the consulate. Do I have to pay taxes on sale of property, is there any way around it?
A: Yes, you will have to pay tax (short term or long term capital gains tax) on the total profit made by sale of the property.
You can avoid this tax only if your current property is a residential...
Q: Can an NRI sell real estate property in India by giving power of attorney for registering the sale deed?
A: Yes you can sell by giving a power of attorney (POA) to your relative but the POA needs to be a registered POA.
Q: Does an OCI/PIO need to be present in India for sale of Property?
A: No, it is not compulsory. The OCI/PIO can give registered Power of Attorney to another Indian citizen who can be present at the time of registering the sale of the property documents at the...
Business and Finance
Immigration & Visa
Return to India
Buying Agricultural land in India
Buying Property in India
Courier Services from/to India
Others - Return to India
Others - Immigration & Visa
Others - Business and Finance
Others - Government Services
Passport Surrender Rules
Property In India
Safety and Security
School Syllabus in India
Schools in India
Selling Property in India
Shipping to India
Transfer of Residency
Work In India
Indian-origin man arrested after infant's death in US - Times of India
American Pai in the sky: The Indian-American who has ignited furious debate by seeking to torch net neutrality - Times of India
Kennedy Center receives $1 million aid for Indian cultural performances - Times of India
Congressional committee votes to increase minimum salary of H1B visa - Economic Times
Japan to relax visa regime for Indians from January 1 - Economic Times
Telugu Association Membership
New Jersey Telugu Association Membership - 2017
, New Jersey
2017-12-31 To 2017-12-31
Winter Mela 2017
2017-12-17 To 2017-12-17
Masquerade New Years Eve Gala
Annual Home Tour
Annual Candle Light Home Tour
Desi New Years Gala
Desi New Years Gala - A Bollywood Style Venetian Masquerade Ball
, New York
2017-12-31 To 2018-01-01
Disclaimer - The content on this site is for informational purposes only.
Copyright © 2017 Videshi.com
Please login to make this action
You can save this page with current page title or you can create new page title.