For a better experience please change your browser to CHROME, FIREFOX, OPERA or Internet Explorer.
NRIs Promoting Property In India – All that you should know – By D B Mehta

NRIs Promoting Property In India – All that you should know – By D B Mehta



#NRImoneyclinic #NRI #nripropertyselling

SELLING OF PROPERTY BY NRIS

Tax Implications
Repatriation Implications
2.15 To 4.30

SELLING OF PROPERTY BY NRIS

Purchaser Has To Deduct TDS
TDS quantity Varies On Case To Case Foundation
Could Contain Complicated Calculations
Vendor Is Liable To Pay Taxes Even If Purchaser Fails To Deduct TDS
You Should Seek the advice of A Chartered Accountant Earlier than The Deal
Tax legal responsibility Can Be Predetermined By IT Officer

4.55 To
SELLING OF PROPERTY BY NRIS

Property Held For Extra Than two Years
Lengthy Time period Capital Features Tax Applies
Indexation profit Is Obtainable

6.15

SELLING OF PROPERTY BY NRIS

Higher Get Your Tax Legal responsibility Assessed Prior To Sale
Prevents Ready For TDS Refund If Extra Is Deducted

6.40

SELLING OF PROPERTY BY NRIS

Indexation Profit: How It Works ?
Reduces Tax Influence
For Previous Properties Truthful Market Worth of 2000 Is Thought-about
8.15

SELLING OF PROPERTY BY NRIS

Repatriation Of Proceeds

Property Bought From Indian Supply
Repatriation Permitted Underneath LRS
LRS= Liberalised Remittance Scheme
Per Yr Restrict Is $250,000
9.15

SELLING OF PROPERTY BY NRIS

Repatriation Of Proceeds

Property Bought From Inward Remittance From Overseas

Up To $ 1,000,000 PA Can Be Repatriated With out RBI Permission
Quantity In Extra Of this Wants RBI Permission
Keep Correct Information Of Funding For Buy
10.25

SELLING OF PROPERTY BY NRIS

A MUST REMEMBER THING TO DO
File Type 15 CA And 15 CB

12.00

SELLING OF PROPERTY BY NRIS

Promoting Of Inherited Agricultural Land

NRIs Are Allowed To Inherit Agricultural Land
NRIs Are Allowed To Present Of Agricultural Land From Relative
NRIs Are Allowed To Promote Agricultural Land
Repatriation Solely As Per LRS

13.15

SELLING OF PROPERTY BY NRIS

Promoting Of Inherited Property

NRIs Can Promote & Repatriate Proceeds
Particular TDS Provisions For NRIs Will Apply
Repatriation Underneath LRS Scheme
Seek the advice of Your Chartered Account Earlier than The Deal
Inherited Property Can Be Gifted To Household Members
Present Inside Household Does Not Entice Revenue Tax
16.40

SELLING OF PROPERTY BY NRIS

How To Save On Capital Features Tax Payable ?

Provisions Solely Apply For Lengthy Time period Capital Features Tax
By Reinvesting Capital Features In One other Property
By Reinvesting Sale Proceeds In One other Property
By Reinvesting funds In Specified Bonds By Govt – Max 50 Lakhs
Seek the advice of Your Chartered Accountant For Applicability For You

To know extra about our enterprise and our enterprise mannequin please watch the under video

Our Web site: www.nrimoneyclinic.com
Whatsapp: 00971 55 548 4472

RERA – How It Protects Buyers And Helps Improvement Of The Actual Property Trade ? By DB Mehta


source

leave your comment


Your email address will not be published. Required fields are marked *

Top