Seeling house in Pune - Indian Real Estate Forum

estate1972 · 02-07-09

Hi Folks,

I am planning to see my house in Pune. I am still a GC holder. Do I need to pay capital gains tax in India? Do I need to pay any taxes in the US for repatriating the money here?

Can anyone recommend a good real estate agent in Pune?

Thanks

Anoop

jayat55 · 02-07-09

as long as u r selling poroperty in india and taking money out of the country u need to pay the tax 20 % of the capital gain. u should see the indexing while filing the tax returns. go to good CA who will be able to help u. u can save lot of money .

all the best
jayat55

roshandark · 14-08-09

Pune is a great place but little costly too. I also want some more insight on this for getting a good house overthere. Looking for more insight here..

compuwalah · 14-12-09

If you own a house in Pune and want to view it, there is no Capital Gain tax (or any other tax ) on same ;-)

razer · 14-12-09

Quote:

Originally Posted by compuwalah

If you own a house in Pune and want to view it, there is no Capital Gain tax (or any other tax ) on same ;-)

Hey! We found a seller here! :p

02-07-09	#1
estate1972 New Member Join Date: Jul 2009 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 0	Seeling house in Pune Hi Folks, I am planning to see my house in Pune. I am still a GC holder. Do I need to pay capital gains tax in India? Do I need to pay any taxes in the US for repatriating the money here? Can anyone recommend a good real estate agent in Pune? Thanks Anoop

02-07-09	#2
jayat55 New Member Join Date: Jun 2009 Posts: 22 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	it tax as long as u r selling poroperty in india and taking money out of the country u need to pay the tax 20 % of the capital gain. u should see the indexing while filing the tax returns. go to good CA who will be able to help u. u can save lot of money . all the best jayat55

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14-08-09	#3
roshandark New Member Join Date: Aug 2009 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 0	Pune is a great place but little costly too. I also want some more insight on this for getting a good house overthere. Looking for more insight here..

14-12-09	#4
compuwalah Senior Member Join Date: Dec 2009 Posts: 695 My Mood: Thanks: 0 Thanked 0 Times in 0 Posts Rep Power: 1	If you own a house in Pune and want to view it, there is no Capital Gain tax (or any other tax ) on same ;-)