NRIs Selling Property In India - All that you need to know - By D B Mehta

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Опубликовано:

12 фев 2021

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Комментарии : 511

@NRIMoneyClinic 3 года назад

ERRATA : With respect to minor mistakes that have happened by slip of the tongue, please read below correct information to following time sections 1. Time Stamp 7.24 to 7.47 - Please read it as "Base Year Is 01.04.2001"( instead as 01.04.2000) - 2. Time Stamp 18.02 to 18.24 - Read It As "The number of properties ( two ) restriction is u/s 54F ( instead of section 54 ) 3. Time Stamp 8.22 to 9.20, 12.49 to 13.01 & 14.44 to 16.30 - Read it as " The RBI Circular 8/2015-16 allows repatriation upto $ 1 Million for sale of properties which are from NRO funds or inherited properties ' DISCLAIMER : The Opinion expressed in the video or replies to the comments is only for information sake and viewers should seek professional advice before taking any decision "

@AK-gr9qk Год назад

Sir..what was not clarified was after filing taxes in india does one need to file again in US or abroad. Say one bought prioerty for 30L sold for 50L as per indexation 30L becomes 48L so capital gain is 2L and one pays tax on 2L gain. Does one need to pay 30% in US/abroad on 50L-30L as indexation does not happen in US.

@panimeda245 Год назад

@@AK-gr9qk you corectly asked the question. The expatriated money will be considered as income at other residing country? If we already payvthe CGT it should be treated as clear funds! Too much of complexities

@RRDARGAD Год назад

Thanks for this correction about time stamp. Another confusion, that I noticed. At time stamp 2:30 Mr Mehta says, “the tax rates can be very high depending on value of your property”. I think, what he means is, it depends on amount of capital gain, (not on value of your property).

@kishorepagare5407 Год назад

@tejasrao6941 3 года назад

This a genuine public service video. Thank you Dr Bhatt and Mr Desai.

@padmaramnath6364 3 года назад

Dr. Chandrakanta Bhat, what a great service you are giving to people like us, elderly parents with children overseas. Very clear and lucid....you have made it so understandable. In today’s world of money for everything, where people don’t tell you even the time of the day free, you are sharing such valuable professional knowledge, for free. Thank you Sirs.

@shrideviraok Год назад

Thankyou very much Sir for such clarity on this topic. I have a question, we live in SAUDI and we bought a plot in india by paying the money in SAR tour freind and he in turn paid to the person concerned and we were given the plot documents on our name in 2006. However, we do not have any bank records or payment details for this particular property except the ORIGINAL AGREEMENT ON OUR NAMES. SOincase we have to sell the property tomorrow how do we go about it ? Please advice.

@tpadma 3 года назад

In many years, first time I got a clear picture of the amount of steps I need to go through before and after selling property. Thank you very much to Dr Bhatt and Mr. Desai.

@kris4n 3 года назад

It’s time for NRI’s to stop investing in real estate , they are better off investing in the country they live.

@NRIMoneyClinic 3 года назад

You have a point . You dont need to be too pessimistic. Please subscribe and keep sharing the videos

@puremeteor 2 года назад

absolutely right

@rizwanwasi7019 2 года назад

I agree with you. We are treated by govts like milking cows.

@nc541 Год назад

Ditto...regret investing in India..starting from the chaprasi to the top most officer they are all super theives..all are after money . NEVER invest in India

@megafraudbuster4124 Год назад

I regret having property in India... 😢

@jayaramanswaminathan9143 2 года назад

Pertinent questions and excellent elucidative answers by Mr. Mehta. These questions have become so topical and relevant in view of the large no. of migration of Indians to foreign shores. Thanks to both of you.

@kirtipandit2010 3 года назад

Because of these bureaucracy issues and super high tax no one wanna do business here

@newyorkparishsteci 2 года назад

Very informative and educational. Plain simple language, no rush or jargon. Thanks a lot.

@manjug9843 3 года назад

As USA citizen I am canceling my plan to invest in India . Was dreaming of beautiful bungalow. This talk showed how much headaches I will have in future. I don’t want headaches when I am old. After watching half video only I got scared 😱 to hell

@kssandhu4693 2 года назад

Gd job Manju..save your hard earned nickels n dimes n live happily ever after..

@vamm6270 Год назад

Proud to be living in my own country Bharat

@marathipower2782 Год назад

Exactly ❤same with me I will not buy anything in India as lot of headache 🤕 and crazy Indian laws

@satishkulkarni2399 Год назад

U can invest and gift it to your family member. No headache.

@vish6306 Год назад

Good decision. I am selling a property. Shocked to learn that income tax refund will take 2 years! Compare this with 5-10 working days in the US. And they say India has progressed and is investor friendly!

@mapervez7978 3 года назад

Very useful topic and very well presented & explained. Thank you.

@zsubscribe 3 года назад

immensely valuable. well done and thank you.

@valmikisharanjyoti425 3 года назад

Namaskar Sir Plse start similar videos on taxation in India for all types of assessees... as the initiative taken by you Sir is extraordinary in terms of quality and presentation so it must help Indian citizen too in general. Regards for your greatness to share knowledge as times demand.

@manivelan9672 3 года назад

Superb! Cleared some of my queries! Thanks!!

@SSModi852 2 года назад

Thanks for such a good video. It covers so many questions and most scenarios that we may come across.

@panimeda245 Год назад

May be you should do a calculation for an NRI property sold for 1 Crore with all the deductions and implications and how much one can expatriates etc.

@gopalchamarthi4863 Год назад

Very well video! Extremely thankful for doing this.

@piydix 3 года назад

Thanks for sharing the information and articulating in a simple fashion!

@krishnakumarcherubalakesav5059 2 года назад

Outstanding session. Thanks to you both.

@ramaavenkat2217 3 года назад

Great video. Thank you

@TmRst 3 года назад

Just accidentally came across this video. Very helpful information. Thanks very much.

@umeshrr4469 3 года назад

Hello Sir , Thank you very much covering of subject and the information provided. All Information very necessary for every NRI to know.

@meyyappansubramanian7078 Год назад

Very interesting , valuable information. Merci beaucoup infiniment pour vos renseignements .

@KA-ry6nz Год назад

Thank you very much. Excellent information provided in a clear concise manner.

@sharatjoshi8668 Год назад

Dr Chandrakant-avare, Wonderful Video with a LOT of Useful Information for us NRIs. Dhvd 🙏🙏🙏

@arunpatel3025 3 года назад

Very useful information I was trying to find by talking to many tax consultants in India! Thank you for your complimentary service 🙏

@rasilaparikh 3 года назад

Lots of knowledge. Great value to me.

@bupeshkaw9091 3 года назад

Good content and explanation. Thanks for sharing this!

@rishidas3005 2 года назад

Fabulous video!! Thanks for sharing your knowledge

@PerriiMuthuraman 3 года назад

Great (Free) Service. Valuable information that's not easily available. Sharp and right questions and unambiguous, straight forward answers. Thank you

@NRIMoneyClinic 3 года назад

Thank you so much . Please subscribe and keep sharing the videos

@ssa8479 Год назад

Very good explanation and interview. My MIL is an Indian citizen with a green card, I'm a U.S. citizen with an OCI card. She wants me to visit India and handle her property matters since she cannot travel. This program gives us a very good idea of what we need to do and look at.

@swapnatilak315 2 года назад

Thanks alot Sir for this video.. superb content with full clarity.

@gomathyilangovan4717 2 года назад

Great service. Information packed.

@shivoham99 3 года назад

Absolutely clear explanations.Thank you.

@NRIMoneyClinic 3 года назад

Thanks for your feedback. Please subscribe and keep sharing the videos

@AshokKumar-2113 3 года назад

Thanks very very good information. Very helpful

@prt3655 3 года назад

Very good information given by you. I liked the way you have covered such complex subject in simple language. Thanks 🙏🏼

@npratapvet 2 года назад

Excellent episode. Very informative

@jaisuranasurana2950 3 года назад

thank you so much for this valuable information🙏

@venugopalansekharan3367 3 года назад

Very well explained. Added value to my knowledge. Thanks.

@sameerparmar8220 Год назад

It's very Good Knowledge based video, Thank You SirJi

@kanavsood777 Год назад

WE ARE SO THANKFUL TO YOU FOR SHARING SUCH USEFUL INFORMATION HERE AND WOULD LIKE TO CONNECT WITH YOU PERSONALLY AS WELL. THANKS ONCE AGAIN FOR HOLDING THESE EXCELLENT FINANCIAL CONVERSATIONS

@j.r.6517 2 года назад

Well explained. Very informative. Thanks a lots. 👍

@sparr2005 Год назад

Thanks for sharing your thoughts!

@harimohan9841 3 года назад

Simply superb

@jpharimane4774 Год назад

Dear friend, thanks for sharing this valuable information for NRI's. However the tax slab is changed from april 2022. So better to update this video accordingly

@rukminisairam173 2 года назад

Thank you for your clear information

@rouhan786 3 года назад

Very helpful. Thanks.

@donnymathew7707 3 года назад

Thank you, sir 🙏 🙏

@neevsepicbrawlstarsvideos8863 2 года назад

Very useful information. Thank you so much! Very clear

@sitarampal6753 Год назад

very useful video thanks for creating it

@ordinaryman1603 3 года назад

Very good information for NRIs planning to sell and repatriate the money from it.

@NRIMoneyClinic 3 года назад

Thank you . Please subscribe and keep sharing the videos

@RameshPatel-ph3ie 3 года назад

it is best to be aware of these facts as religeous organisations are into property market and selling these to gullible people like myself and hundreds of followers without explaining implications of complex tax issues and remitting after sale and TDS collection before sale.An eye opener and thanks for sharing this info

@dadu251 3 года назад

Very informative and useful session Dr Bhatt and Mr Mehta

@NRIMoneyClinic 3 года назад

Thank you so much for your kind words. Please keep sharing the videos

@fathimar7015 3 года назад

Very gd sir i may need your advice in future thank you

@1974xaviers 3 года назад

Good video and very informative

@funtertainment2552 3 года назад

Excellent content 👍👍

@drgadham 2 года назад

Very good presentation 👌

@rukmanisampathkumar3296 3 года назад

Very well explained many doubts cleared. Please explain in more detail about gifts to NRI children and grand children, quantum and procedures involved

@madhusankar9856 3 года назад

very useful discussion for NRI like me

@dillibabu602 Год назад

Super Explanation

@mikeshah429 2 года назад

Brilliant informative video

@bilobath6093 Год назад

No point keeping property in India nowadays. Kids born abroad to Indian parents not interested in property or even visiting. Best to sell and use the money to buy home for kids and visit India for vacation

@deepthirao164 3 года назад

This video is so helpful. Thanks a ton 😊🙏

@kesharivlogz593 3 года назад

It’s helped!

@parveshv.merchant9806 3 года назад

Thank you, very well done

@NRIMoneyClinic 3 года назад

You are welcome. Please subscribe and keep sharing the videos

@rajeshwargaddam7336 3 года назад

Thanks Mr Mehata for detailed information

@NRIMoneyClinic 3 года назад

Always welcome. Please subscribe and keep sharing the videos

@ranjitsumra1618 3 года назад

Thank for providing such an important information. My advice is based on my personal experience: 1. Buy the property when it is ready to be delivered. 2. Ensure that Authorities are in the process of registering such properties and will accept the POA in case required.3.There must be a very trusted person who can follow-up procedures on your behalf, or you have a lot of time to be present in India, 5. Please note that if the property is vacant, it can be occupied by someone; Any legal action may take many years to conclude, not necessarily in your favour. I hope the government makes new laws for NRIs and PIOs to buy and sell properties in India. Legal actions must be settled on priority basis for those living abroad.

@kssandhu4693 2 года назад

Ranjit..good advice..this video gives theoretical perspective,it does not mention about typical …baboo Jee..fees n bribes to keep your case active n other official corruptive practices. ..unfortunately..it is sickening n time wasting process ..in big transactions CAs n officials associated official might ask their bigger share under the table..so be careful..just save your hard earned nickels n dimes overseas.. n..live happily ever after..

@megafraudbuster4124 Год назад

Beware.. tricky people can fiddle land registry records and deprive you of your land .Legal proceedings takes generations and tons of cash .

@JigneshThummar 3 года назад

Very informative

@JigneshThummar 3 года назад

You guys are creating great videos

@openaisg 3 месяца назад

Excellent Video. Sharp and to the point explanation referring to respective I-T application sections. Thank you! Dr. Mehta is articulative.

@alexashokpatel1080 3 года назад

Great information. Thank you

@sunilkumar-fm8pu 3 года назад

Very good 👍. Information..

@vinnishbaby7222 Год назад

Great vedio sir

@rajalakshmisundaresan9623 Год назад

Good advice.good.

@kulwantbedi4669 2 года назад

Thanks Good information.

@kalpnapanchal7118 3 года назад

Thank you for this advise, it’s very informative and I’ve gained some very valuable information.

@kesharivlogz593 3 года назад

Indeed!

@chilugurimanoharreddy3285 3 года назад

Very good information sir

@preethishukla8403 7 месяцев назад

So clearly explained...clear and simple

@vinoliajeyamani3164 Год назад

Thank u so much sir I am at Australia I have very small house in India I was very much confused about nri now little bit understood ,thank u again u r given good explanation,expecting some more details.

@socratesv8404 3 года назад

Thank you Sir.

@NRIMoneyClinic 3 года назад

You are welcome . Please subscribe and keep sharing the videos

@venkatreddy7340 2 года назад

thx a lot very helpful

@daisysoares6474 Год назад

It's very knowledgeable

@smartmom7758 5 месяцев назад

Great informative video thank u

@shanmugavelayudamarumugam8431 Год назад

Very useful informations

@taxjourney8560 Год назад

Nice one

@susangeethageorge1279 3 года назад

Thank you for the information

@NRIMoneyClinic 3 года назад

You are welcome. Please subscribe and keep sharing the videos

@ravigm2409 6 месяцев назад

Thanks for the info,

@trends2morrow107 Год назад

Nice info..thnx

@thekkathnathan8152 3 года назад

Thank you for the very useful information for NRIs. Thank you for the efforts.

@rambond7539 Год назад

Thanks quite useful

@sharmamadan65 2 месяца назад

Thanks for the info. Jai Hind

@royabraham8253 3 года назад

Mr. Metha, thanks for sharing in-depth knowledge about this matter. Cold you also please give another presentation regarding those who are foreign citizens and have OCI card holders? Thanks

@anilgoswami7981 3 года назад

Excellent inciteful session

@george208545 3 года назад

Is that india Government is very poor to make money of 30% and/or 20% plus surcharge of 20% minimum from NRI selling property? This tax rate is absolutely unfair and need a revision.

@bipinsingh8515 Год назад

very good

@abhishekchaudhari8233 Год назад

Dear Mr. Mehta, Very helpful information. However, very less or no information is available for the situation of NRI selling property to NRI in India. Please add some information.

@starofjk 3 года назад

Good job sir.

@NRIMoneyClinic 3 года назад

Thank you . Please subscribe and keep sharing the videos

@vikramnarayan5672 3 года назад

Very useful information Dr Bhatt and Mr Mehta. I am permanently living in the UK and planning to sell my house and the plot back home

@NRIMoneyClinic 3 года назад

Thank you very much for your kind words. Please subscribe and keep sharing the videos

@Krishna-zk7zs 3 года назад

Good info.thank you

@NRIMoneyClinic 3 года назад

Thank you so much. Please subscribe and keep sharing the videos

@vamanraymehta5795 Год назад

If you (NRI)are selling inherited property, you can repatriate full amount.You have to show the deceased was assessed to tax, had paid taxes, you inherited it by a Wii.You have to get probate from the court , submit it to your bank and the bank will remit it to foreign bank.In my case it was city bank at both places.The bank had concerted the amount from NRO to NRE and then remitted it.This happened some 5 yrs ago so I have forgotten exact details.

@rameshrathee5778 3 года назад

Nice advice

@vipulbansal5895 Год назад

Very informative vedio

@sriniseshan9888 2 года назад

Highly informative... Thanks a lot . What's the recourse for the NRIs if they find it difficult to find buyers who are willing to document full transaction price on the sake deed... This . I guess . is a big challenge to most NRIs...