Posted on: 29-01-10 11:47:09
JRF, Thanks for the response. I will check the RBI link you posted.
lali, I have send a response to your private message. Please check it out.
Recently I have inherited a land portion in India after my grand mother passed away. I currently live in Canada from past few years with Canadian citizenship. I intend to sell my portion of land and bring funds to Canada. I have done the land evaluation from the date it was transferred to my name. However I struggle with the following:
1. When the land is sold, funds will come in two shapes. Cheque and cash. The amount on the cheque I believe will be relfected on the Sale deed/registeration of the land. Now:
a) Would I have to pay any capital gain on the sale of the land.
b) What about funds paid in cash? I won't be able to show these funds in any bank, and thus can create problem in bringing these funds to Canada.
2. What is the best way to bring all the funds (Cheque and cash) to Canada without much hassle and loosing any money in transaction fees?
Any advice you can give would be appreciated. Thanks in advance.
I sent money by wire transfer to Toronto Gold Bullion as I ordered some gold coins. They say it takes 10 days before they can issue the coins. Is this company a genuine or a fraud business. How should I deal with them?
Quote:
Originally posted by Nandyal
I sent money by wire transfer to Toronto Gold Bullion as I ordered some gold coins. They say it takes 10 days before they can issue the coins. Is this company a genuine or a fraud business. How should I deal with them?
Why bother buying from any other source, when you have Reliance dealing with Gold.
Reliance Money (of Anil Ambani), provides the most economical & easy way for Gold purchase. In their Reliance My Gold Plan one can buy Gold for as less as Rs.50 (or $1) per day. For India, World Gold Council has given exclusive rights to Reliance for this plan. In a few months, this has already won the award of being "The Most Innovative Product of the Year"
