Real Estate Taxes - How people have dealt with this

Smita · Post by **Smita** » Sun Mar 28, 2010 8:43 am

Real estate investments seems to be doing better in India than the US. So I am thinking of buying a property in India for investment purposes. But I have also heard that in most of the transactions, cash still is a major component.

I believe in paying all due taxes. But how would one pay taxes on sale of a property if the sale price shown in agreement is lower than the actual sale price?

dbs · Post by **dbs** » Sun Mar 28, 2010 10:55 am

You can pay the balance to me. I shall make sure that it is used for the benefit of Indian(s).

Smita · Post by **Smita** » Wed Mar 31, 2010 7:06 pm

Any guidance will be helpful!!! Please reply...

gwldaddu · Post by **gwldaddu** » Wed Mar 31, 2010 10:28 pm

Smita;273566Real estate investments seems to be doing better in India than the US. So I am thinking of buying a property in India for investment purposes. But I have also heard that in most of the transactions, cash still is a major component.

I believe in paying all due taxes. But how would one pay taxes on sale of a property if the sale price shown in agreement is lower than the actual sale price?

Usually people show lesser amount in agreement to save taxes. If you are willing to pay full taxes, why is your agreement amount less than amount paid? I am just curious.