J
jays
New Member
Hi I am a resident of UK and recently purchased properties in India. I used NRE account to send part of the funds and the rest was sent using ICICI Money To India service. In recent months I have noticed that I have built ample equity on the land so now planning to sell them. However, I am not sure how to bring the funds back to UK.
Do I have to pay any taxes on capital gains? :y I was told I can open an NRO account and put all my funds there but remitting the money back needs a lot of paperwork/legalities and it can take many months. Whats the easiest/legal way to bring your money back?
Please advice.
Thanks in advance.
Do I have to pay any taxes on capital gains? :y I was told I can open an NRO account and put all my funds there but remitting the money back needs a lot of paperwork/legalities and it can take many months. Whats the easiest/legal way to bring your money back?
Please advice.
Thanks in advance.
