Can a NRI sell the plot and repatriate the funds, and are there any taxes to be paid?
Ans: Yes, NRI’s can sell and repatriate the proceeds. They have to pay capital gains on the profit (under the Non-double Taxation Agreement between India and many countries such as USA, UK, Australia, Canada, etc. taxes paid in India need not be paid again in the country from which the funds were sent).
Related Questions
- The siblings have now decided to sell it. Again I want to know how can I repatriate the funds from the sales proceeds, any special regulations when it comes to inherited property?
- If the immovable property was acquired by way of gifit by the NRI/ PIO, can he repatriate abroad the funds from sale?
- Can a NRI sell the plot and repatriate the funds, and are there any taxes to be paid?
