08 May 2012
Get the proceeds credited to nro account. Remit upto 1 MN usd per financial year. Assumption made is assessee is Nri, purchased property in inr and property sold to resident Indian.
08 May 2012
I want to clarify that he is the person of Indian Origin (PIO). In fact he was Indian Citizen and afterwards he got greencard. I think earlier there was a lock in period of 10 years which has been dispensed with by Govt. Right?