Nri
This query is : Resolved
10 August 2011
What are the tax liabilities of a Non-resident Indian who is selling his inherited residential property in India?
Is he permitted to repatriate the entire sale proceedings to his country of residence abroad?
Please clarify
Is he permitted to repatriate the entire sale proceedings to his country of residence abroad?
Please clarify
10 August 2011
Hi,
He has to pay capital gain tax in India as property is situated in India.
He has to pay capital gain tax in India as property is situated in India.
10 August 2011
Thankyou for the reply. What about the second part of the question? What does FEMA say on it?
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