Money xfer for RE purchase + Reference for a good CA

Expat issues, Foreigners working in India, Dual Taxation, double taxation, claiming tax credits for tax paid in another country, taxes of other countries, Dual taxation, DTAA, Double taxation avoidance agreement, tax saving schemes, tax planning, tax return filing and so on
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rkescapade
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Joined: Tue Dec 16, 2008 4:14 pm

Money xfer for RE purchase + Reference for a good CA

Post by rkescapade »

Hi,

I recently bought an apartment in India and I'm an NRI. I have the following questions and I will really appreciate any help you can provide -
1. I want to make sure I can repatriate the money after sale. As per my understanding if I xfer the money directly thru my US account (not via NRE account) then I should still be able to repatriate the money (https://gcglobalindia.wordpress.com/2013/04/12/repatriation-of-sales-proceeds-of-real-estate-assets-in-india-by-nris/). Has anyone done this in the past? Could you share some details on this process? The reason I'm trying to avoid using NRE account is so that I dont need to fill FBAR, although I wont mind doing that if thats a better alternative.
2. I believe I would need a CA's certificate for repatriation after sale. Has someone had a good experience with a CA they wont mind sharing his/her contact with me. I have been looking for a CA for a while to file my India returns but haven't been successful.

Thanks again for your help!
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