Search Options
IREF® - Indian Real Estate Forum > Real Estate Open House > NRI Real Estate > Sell land outside Mohali/Chandigarh and bring money to UK
LinkBack Thread Tools Search this Thread
Old July 26 2012, 07:49 PM   #1
Senior Member
Join Date: Jul 2011
Location: UK, Canada, India
Posts: 639
Likes Received: 360
Likes Given: 145
My Mood: Relaxed
Default Sell land outside Mohali/Chandigarh and bring money to UK

Hi i am an NRI living in UK. I have a prominent piece of land outside Mohali (more than half acre) on a main highway. I am looking to sell it in next 2-3 months and bring the proceeds of the money back to UK. At the moment it is agriculture land (in my name) but in next 4-5 months it will be in the city limits (hence many people looking to buy it). How do i bring the proceeds upwards of 3 Cr to UK and what will be the tax implications ? I am told if i sell it whilst it is agriculture i do not pay tax. Mind you this was bought a long time back and is not in default of rule where NRI's are not allowed to buy agriculture land.
Old August 8 2012, 09:48 PM   #2
New Member
Join Date: Aug 2010
Posts: 10
Likes Received: 2
Likes Given: 0

Talk to some good CA in India. It will cost you may be 5000 rs but you will get correct advise.
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Join IREF Now!    
Related Threads
How Can I Dispose my Old Property in India?
Chandigarh, Panchkula, Mohali and sorroundings
Selling Property & Took Advance Money

bring, land, mohali or chandigarh, money, sell