As an NRI, if you sell any property in India, whether it is a commercial or residential, then you must follow all the rules and regulations under the Foreign Exchange Management Act, 1999 (FEMA). The repatriation will depend on the residential status and the method of getting the property, and the source of funds.
The repartition of sales for the Indian property depends on the including factors, like
Above all, in the mentioned scenarios, the funds you have transferred will be liable to taxes deducted at source (TDS). Whenever you buy a property, you must fill out the Form 15CA.
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There are certain risks of repatriation that you need to be aware of: Taxation risk: if you fail to pay your taxes before the due dates, then your transfer of...
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The Full form of FEMA is the Foreign Exchange Management Act. It was introduced by the Indian government in 1999 for the overseas transfer of funds and for the smooth...
The repatriable investment grants NRIs to transfer the earned income to their home country. Repatriable investments are generally used by the NRIs, expatriates, and foreign investors who want to transfer...
NRI repatriation means transferring of funds from an NRI indian bank account to an account in a foreign country. This includes the principal amount and the interest earned on it....
NRI can repatriate the following income, given below: The income from the inherited assets. From the sale of any property or asset in India. Any income that an NRI earns...
There are different types of repatriable NRI accounts, which are: NRO (Non-Resident Ordinary) Account: This type of account is made for the NRIs who generate an income in India, like any rental...
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Here are some of the possible scenarios if the property is bought by the NRI.