The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
Read MoreOur Money Repatriation Services include:
Capital Gains Tax Calculation
Calculate the capital gains tax applicable on the sale of the property. This tax depends on various factors such as the duration of ownership, property value, and exemptions available under Indian tax laws.
Bank Account
Non-Resident Ordinary (NRO) account needs to be opened if you don't have one already. This account allows you to manage your income earned in India.
Obtain Tax Clearance Certificate
If the property has been held for more than two years, you may need to obtain a tax clearance certificate from the Income Tax Department. This certifies that all taxes related to the sale of the property have been paid.
Repatriation
Repatriate the funds from the NRO account to your overseas account. However, there are limits to the amount that can be repatriated in a single financial year. Currently, the limit is $1 million per financial year for all bona fide purposes.
Obtain Documentary evidence for the Repatriation to start
Prepare the required documentation, including the sale deed, tax documents, and any other relevant paperwork related to the sale.
Compliance
Ensure compliance with all relevant regulations and laws governing repatriation of funds from India.
Proceeds Transfer
Transfer the sale proceeds from the sale of the property to the NRO account.
RBI Reporting
If the repatriation amount exceeds certain thresholds, it needs to be reported to the RBI through designated banking channels.
It is often found complex and tedious process to manage the funds and assets while making an international travel. The exchange of currency, any sale of properties and management of existing funds are all taken care of our experts’ guidance and support. Property Handling helps you with the process and makes it a breezy flight.
Property Handling
The Property Management Company
Endeavoring to be the best Property Management Services Company in Hyderabad and Vijayawada, Vizag and Guntur.We constantly strive to fit ourselves into our customers’ shoes and work on their behalf. Our other property services are Property Management, Tenant Management, Sell Property, Money Repatriation and Plot/Land Monitoring.