Subbulu Posted September 1, 2021 Report Share Posted September 1, 2021 2 Quote Link to comment Share on other sites More sharing options...
jiggubhai Posted September 1, 2021 Report Share Posted September 1, 2021 konni years mundu balio lands ni kabja cheyadaniki vellina koddi mandi rowdies last month erragada lo tirgutu kanapaddaranta.. idi nijamena? 1 Quote Link to comment Share on other sites More sharing options...
snoww Posted September 1, 2021 Report Share Posted September 1, 2021 Question to NRIs who are investing crores of rupees in India real estate. How are you planning to get that money back if you have no plans to go back to India in future ? 1 Quote Link to comment Share on other sites More sharing options...
jiggubhai Posted September 1, 2021 Report Share Posted September 1, 2021 I can relate to this.. maa NRI frnd gadu okau 7 yrs back hyd lo invest chesadu.. by last year its value grew 10x and he was so happy.. a month later it got kabjafied.. daanni vidipinchadaniki ippudu vadu nana s*ankas naaking.. NRIs be very careful Quote Link to comment Share on other sites More sharing options...
jiggubhai Posted September 1, 2021 Report Share Posted September 1, 2021 7 minutes ago, snoww said: Question to NRIs who are investing crores of rupees in India real estate. How are you planning to get that money back if you have no plans to go back to India in future ? family will sell and send money ane plan lo chala mandi untaru vaa Quote Link to comment Share on other sites More sharing options...
snoww Posted September 1, 2021 Report Share Posted September 1, 2021 3 minutes ago, jiggubhai said: family will sell and send money ane plan lo chala mandi untaru vaa After parents evadu dekuthadu India lo manalni. Unless you have too good relationships with siblings and cousins there. Also antha high amounts transfer ela tax issues lekunda ? Quote Link to comment Share on other sites More sharing options...
jiggubhai Posted September 1, 2021 Report Share Posted September 1, 2021 1 minute ago, snoww said: After parents evadu dekuthadu India lo manalni. Unless you have too good relationships with siblings and cousins there. This is a problem vaa.. they trust siblings and extended family but sometimes they give hand and NRIs 10goo.. Quote Also antha high amounts transfer ela tax issues lekunda ? Deeni mida naku antha knowledge ledu Quote Link to comment Share on other sites More sharing options...
Anta Assamey Posted September 1, 2021 Report Share Posted September 1, 2021 13 minutes ago, snoww said: Question to NRIs who are investing crores of rupees in India real estate. How are you planning to get that money back if you have no plans to go back to India in future ? Sell pay tax in India and bring money ... Quote Link to comment Share on other sites More sharing options...
Anta Assamey Posted September 1, 2021 Report Share Posted September 1, 2021 Anduke i never buy land in major cities.. Only houses or Apartments... Quote Link to comment Share on other sites More sharing options...
snoww Posted September 1, 2021 Report Share Posted September 1, 2021 Just now, Anta Assamey said: Sell pay tax in India and bring money ... How about taxes here in US ? not that easy. Majority black transactions and figures vuntayee. Quote Link to comment Share on other sites More sharing options...
vaakel_saab Posted September 1, 2021 Report Share Posted September 1, 2021 18 minutes ago, snoww said: Question to NRIs who are investing crores of rupees in India real estate. How are you planning to get that money back if you have no plans to go back to India in future ? hawala Quote Link to comment Share on other sites More sharing options...
Anta Assamey Posted September 1, 2021 Report Share Posted September 1, 2021 2 minutes ago, snoww said: How about taxes here in US ? not that easy. Majority black transactions and figures vuntayee. India lo white laga genuine ga pay cheste ikkada cheyakarledu kada...Kani total white amount ki evadu konadu Quote Link to comment Share on other sites More sharing options...
jiggubhai Posted September 1, 2021 Report Share Posted September 1, 2021 5 minutes ago, Anta Assamey said: Anduke i never buy land in major cities.. Only houses or Apartments... ee madhyala veetini kuda grabbing anta kada hyd lo.. Quote Link to comment Share on other sites More sharing options...
snoww Posted September 1, 2021 Report Share Posted September 1, 2021 https://blog.myrawealth.com/insights/how-to-sell-property-in-india-while-living-in-the-us Quote Link to comment Share on other sites More sharing options...
snoww Posted September 1, 2021 Report Share Posted September 1, 2021 Just now, snoww said: https://blog.myrawealth.com/insights/how-to-sell-property-in-india-while-living-in-the-us Sales Proceeds Have to Be Paid in India and Repatriating Funds Can Be Tricky After selling the property, you need to get 2 certificates from a Chartered Accountant in India if you are sending the proceeds outside the country. These certificates are Form 15A Declaration of Remitter and Form 15CB Certificate of an Accountant. You need these forms to verify that your money is from legal sources and that all taxes have been paid. Some banks will also request additional documents such as the sale documents or the will for the inherited property. As a general rule, you can transfer a maximum for $1 million from your NRO to a US account in a financial year, which is from April to March in India. This limit applies if you inherited the property or purchased it from funds from your NRO account. You need the approval of the Reserve Bank of India before you can remit funds exceeding the $1 million limit. You will need to get the special permission from the Reserve Bank of India if the property was inherited from another NRI. US Tax Implications Of Your Property Sale In India If you are a US resident alien, you need to declare Capital Gains on Losses on the sale of your property in India under Section D of Form 1040. You can deduct the amount paid for gains tax paid in India to the capital gains tax owed to the US government since the two countries have a Double Taxation Avoidance Agreement. If you did not pay capital gains tax in India because you reinvested the proceeds, you will still be liable for the full amount of the capital gains tax due in the US if you are a US resident. Quote Link to comment Share on other sites More sharing options...
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