Easy Office
LCI Learning

Procedure for NRI to Sell a Flat in India

This query is : Resolved 
Profile Image

Guest

Profile Image

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..?
Profile Image

Vishnu Saboo

Profile Image

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

CA Ashok Kumar Sahu

Profile Image

CA Ashok Kumar Sahu (Expert)
30 March 2010 in my opinion not require to come India, Pay capital gain if arise on sale,
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CMA Arif Farooqui

Profile Image

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links