Hello! My father inherited agricultural land from his father and constructed a house from the village , absent from the farm land and now he has handed absent but have mom and want to sell the agricultural lands and also have money repatriated to U.
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Can the sale proceeds from the immovable property purchased though being a Resident be remitted abroad by NRI?
The customer ought to file the TDS return in another quarter of depositing the TDS amount of money. Following the TDS return is filed, the client can down load Form 16A and supply it to the NRI seller.
The Union Finances and amendments towards the Income Tax Act have introduced changes which can appreciably effects your money outcomes and timelines. In this post, we offer a structured and detailed overview to help NRIs in successfully navigating the property sale procedure in India.
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