Question on Selling India House & Repatriation
Hi Guys,
I bought a house in India 3 years ago and I'm considering selling it now. I put 10% down and the rest was through bank loan. If I sell the house now, how much can be repatriated? Can I repatriate only the 10% I put down or can I repatriate the entire cost price of the house(From what I gathered I can't repatriate the profit). If you have gone through this process, can you shed some light on this?
Thanks
Subbu
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