Yes, you can bring the proceedings to the US. It is recommended that you get the payment of the property through proper banking channels. Documenting proof is required for transferring money on sale of property. The first step is to get a certificate from a Chartered Accountant (CA) in India.
Do I have to pay tax if I sell my land in India?
Answer: Since the plot was held by you for a period more than 24 months, the gain on sale of this shall be treated as long term capital gain. You have to pay tax at flat rate of 20% and cess of 4% on such tax if you do not wish to avail any avenue for exemption of long term capital gains.
Can you bring a property sold in India to the US?
I sold property in India and want to bring the money to the US. Can I bring the money to USA and How can I do it? Yes, you can bring the proceedings to the US. It is recommended that you get the payment of the property through proper banking channels. Documenting proof is required for transferring money on sale of property.
How to transfer money from sale of property in India?
It is recommended that you get the payment of the property through proper banking channels. Documenting proof is required for transferring money on sale of property. The first step is to get a certificate from a Chartered Accountant (CA) in India.
Who are the real estate buyers in India?
There are two categories of buyers, one is those who are end-users of property and the other are those who invest to earn rent or resale the property to generate revenue and multiply money. Understand and analyze your purpose and then invest accordingly.
Is real estate in India still a profitable investment?
Is real estate in India still a profitable investment? The real estate investment in the present time needs a different strategic approach than purchasing a property for personal use. If experts are to be believed, the smaller the market is, the lesser the risk is in real estate.
