Best way to get money in Canada after selling house in India ?

POSTED BY smanjeet ON October 2, 2013 11:04 pm COMMENTS (3)

I am selling a house in Mohali for about 2 crore and would like to bring funds to Canada. What’s the best and efficient way?

3 replies on this article “Best way to get money in Canada after selling house in India ?”

  1. ashalanshu says:
    October 3, 2013 at 4:56 pm

    Dear Smanjeet, how can I answer it? Better receive black and declare it. Pay Tax and then let that buyer face the consequnces of his actions in India. 🙂

    thanks

    Ashal

    Reply
  2. smanjeet says:
    October 3, 2013 at 4:43 pm

    Thanks Ashal. Another issue is buyer doesn’t want tp pay all funds as white money. He wants to pay almost 50% amount in cash. How do I handle this money?

    Reply
  3. ashalanshu says:
    October 3, 2013 at 8:57 am

    Dear Smanjeet, as you are selling a residential property in India, you need prior approval of RBI before sending money out of India. Please contact your Tax professional in India to guide you.

    thanks

    Ashal

    Reply

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