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Real Estate Forum on Indian Government

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Q: Many US-based non-resident Indians are considering selling their property in India even at a discount.

Latest Answer: Hi folks, They are very skilled people and they know that If the property is transferred and then sold, then the relative can send back the money to the US citizen. He can send around $2500000 (Rs.16.6 crore)/annum. In cases where the property is not transferred, the cash could be kept in a separate account or tax paid on the amount received through the cheque.
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