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RE:How NRIs can sell the property in India
by GagandeepP on Aug 21, 2006 09:12 PM

An NRI can sell its properties to any Indian resident or NRI or PIO.
However a PIO can sell immovable property only to a resident of India.

In both the cases the required Capital Gains Tax shall have to be paid if applicable by calculating the Capital Gains either Long Term or Short Term.

Do revert fro any further info /querry
Thanks.

CA. Gagandeep
Cell: +91-98111-21322
gs55@ rediffmail.com

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How NRIs can buy land in India