If there are two properties Does NRI require two POAs in order to sell ? In the event that NRI wishes to sell two properties and purchase one, 3 POA will be required. ??
This is very useful information. 😅 have some more questions as I am in the process of selling my property in India. How can I reach you to discuss some of my questions? Thank you in Advance!
I was previously an Indian Citizen currently am a US Citizen. I have 2 apartments in Goa which I would like to sell next year. I have 2 questions: 1. Will I need the documents mentioned in the video or do I need additional documents not covered in the video. 2. I wanted to make a will and put thw 2 properties in my son's name. A kind of guardrail just incase an eventuality takes place beforw the sale of thw properties is effected. The attu in Goa said I could not make a Will in Goa since I do koy reside in Goa? Are there rules regards residence in the event one wants to make a will and one is currently a US Citizen?
Can you please let me know how the NRI's can get the transfer done for more than 1 million dollars in a financial year. Properties in metro cities are quite expensive so the amount is more than likely to be more than 1 Million dollars. Is there any other special approval required from the RBI for repatriating, an amount over 1 million USD in a year., If yes, please throw some light on the same.
TDS is deducted by the buyer of the property, so in case you sold the property for Rs 100 and Rs 20 is the TDS, then you will be paid Rs 80 by the buyer and the buyer will deposit Rs 20 with the income tax department. One will then have to discharge the normal tax liability based on other sources of income if any which the NRI has in India. Tax will be determined on the total income and then TDS amount deducted above will be adjusted towards payment / refund as the case may be.
I have attempted to sell through no broker and other online platforms.. certainly hard to sell as land is located remotely. I wish I had a opportunity to sell it government instead of dealing with hard and punishable process . Poor me regretted proud citizen of India
Wow karunya from Money control to Groww !! We actually miss you❤
excellent video, thank you
Thanks for your excellent advice 😊
Very good information. But what about taxes in usa ?
If there are two properties
Does NRI require two POAs in order to sell ?
In the event that NRI wishes to sell two properties and purchase one, 3 POA will be required. ??
Thank you ❤
This is very useful information. 😅 have some more questions as I am in the process of selling my property in India. How can I reach you to discuss some of my questions? Thank you in Advance!
I was previously an Indian Citizen currently am a US Citizen. I have 2 apartments in Goa which I would like to sell next year. I have 2 questions:
1. Will I need the documents mentioned in the video or do I need additional documents not covered in the video.
2. I wanted to make a will and put thw 2 properties in my son's name. A kind of guardrail just incase an eventuality takes place beforw the sale of thw properties is effected. The attu in Goa said I could not make a Will in Goa since I do koy reside in Goa? Are there rules regards residence in the event one wants to make a will and one is currently a US Citizen?
Can you please let me know how the NRI's can get the transfer done for more than 1 million dollars in a financial year. Properties in metro cities are quite expensive so the amount is more than likely to be more than 1 Million dollars. Is there any other special approval required from the RBI for repatriating, an amount over 1 million USD in a year., If yes, please throw some light on the same.
Is TDS is something additional we got to pay in addition to 20% / 30% that we paid to the capital gain
TDS is deducted by the buyer of the property, so in case you sold the property for Rs 100 and Rs 20 is the TDS, then you will be paid Rs 80 by the buyer and the buyer will deposit Rs 20 with the income tax department. One will then have to discharge the normal tax liability based on other sources of income if any which the NRI has in India. Tax will be determined on the total income and then TDS amount deducted above will be adjusted towards payment / refund as the case may be.
I’m looking for ca
Unable to find buyer 😢..
Come to Nobroker.
I have attempted to sell through no broker and other online platforms.. certainly hard to sell as land is located remotely. I wish I had a opportunity to sell it government instead of dealing with hard and punishable process . Poor me regretted proud citizen of India
It is terrible to buy and sell property in India, nothing has changed in modi regime except bit less of corruption.