October 2, 2013 11:04 pm
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?
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. 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?
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.
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