Q.915 Sale of inherited property in India - by an OCI - NRI - PIO

Dear Sir, I have some ancestral property (agricultrul land and non agricultural land - no building or income of the land) in my name that I may want to sell at separate intervals. l would like to know what are the tax implications. How and how much I could repatriate to Canada? Regards Dhiraj Answer: Information on sale of property including inherited property in India by NRIs is already provided on NriInformation.com The easiest way to find information on this website is to use the Search NRI Information box provided on each page of our website. Our FAQ index page is another source to find NRI issue related information fast. Up to one million US dollars can be repatriated from India and information on this is also available on our website.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Q.915 Sale of inherited property

in India - by an OCI - NRI - PIO

Dear Sir, I have some ancestral property (agricultrul land and non agricultural land - no building or income of the land) in my name that I may want to sell at separate intervals. l would like to know what are the tax implications. How and how much I could repatriate to Canada? Regards Dhiraj Answer: Information on sale of property including inherited property in India by NRIs is already provided on NriInformation.com The easiest way to find information on this website is to use the Search NRI Information box provided on each page of our website. Our FAQ index page is another source to find NRI issue related information fast. Up to one million US dollars can be repatriated from India and information on this is also available on our website.
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