How to repatriate Money - Property Sale India ?


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Bingo   
Member since: Jan 07
Posts: 198
Location:

Post ID: #PID Posted on: 29-01-11 10:27:38

How to get money from India to Canada ,from sale of residential property which is not in your name but parental name ?



JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 29-01-11 10:32:59


You could try getting it as a gift from your parents. Again, it depends on the limit.


-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM


Bingo   
Member since: Jan 07
Posts: 198
Location:

Post ID: #PID Posted on: 29-01-11 12:51:14

Quote:
Originally posted by JRF


You could try getting it as a gift from your parents. Again, it depends on the limit.



What limit is it for gifts?



desi_driller   
Member since: Sep 04
Posts: 419
Location:

Post ID: #PID Posted on: 29-01-11 13:56:57

US $ 100000 per year. ( Around Rs. 47 Lacs/Year)


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Driller the thriller


Bingo   
Member since: Jan 07
Posts: 198
Location:

Post ID: #PID Posted on: 29-01-11 21:52:56

How does this gift option work .what procedure is to be followed?



JRF   
Member since: Jul 04
Posts: 1853
Location: GTA, Ontario

Post ID: #PID Posted on: 30-01-11 21:48:18


Try these links.
http://canadiandesi.com/read.php?TID=17812
http://www.rbi.org.in/scripts/FAQView.aspx?Id=53

Quote:
Originally posted by Bingo

How does this gift option work .what procedure is to be followed?


-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM




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