r2i forum

[QUOTE=return2blore;682893]How will you get back the TDS amount from the GOI without filing your tax returns in India, for which you need Adhar Card? I am asking you this because, this is where my BIL is stuck, with the sale of his property in Mysore.[/QUOTE] For filing taxes, all you need is the ...

[QUOTE=dbs;682886]Yes, it works both ways. My sister is wants to sell a flat in Delhi for 100% white. The buyers are resisting as well as brokers. Brokers say that they will find it difficult for the next transaction at a lower rate with authorities.[/QUOTE] Yes, most of the brokers and all of them ...

[QUOTE=Desi;682821]I sold a 2BHK end of September in Mumbai. 100% white money is what I asked for and got. It is the seller who generally wants black to avoid paying tax, unless the buyer has assets undeclared.[/QUOTE] That is true. From my experience it is both the seller and the buyer. The buyer ...

[QUOTE=mumbaikar;682832]Does one needs Adhar card to sell his/her property?[/QUOTE]

You do not need one.....but PAN is needed. The banks ask for it and the Sub registrar office asked for it as well.

[QUOTE=nova2blr;674718]If the donee (receiver of the gift) is within the immediate family (which is the scenario that OP is talking about), the additional registration doesn't arise. Based on Karnataka stamp duty rules, Gift Deed for a for property situated within BMRDA/BBMP/ City Corporation limits ...

[QUOTE=nova2blr;674667]Get it registered in parents name and execute a gift deed to gift it to daughter :) win-win[/QUOTE]

Gift deed will cost 2% to 2.5% to register the deed at the sub registrar office. Seems like gift deed is not the approach he wants to take.

[QUOTE=vasu123;674664]Hello sir, It is new purchase(not transfering property from parent to kid) so Gift deed and all is not applicable here. Question is: can parent pay to builder and mention payment amount in sale deed then get property registered on daughter?s name? If Tax people ask in future ...

There are generally stamp duty plus gift deed taxes when you register as a gift deed at the sub registrar office. The amount generally comes to around 2% of the government value of the property. This was the case atleast in sub registrar office in Hyderabad from what i recall. Also, the document ...

Yes, I have received it here - US address. I filled out the 49AA form if I remember correctly. There is an additional fee for mailing it to an address outside India.

I would like to join if it is OK with you all. I can be there around 4:00PM at BJ's restaurant in Lewisville.