Money xfer for RE purchase + Reference for a good CA
Posted: Tue Feb 24, 2015 9:02 pm
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!
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!