Hello all the Income Tax Experts . I have some questions regarding the legal Points of the NRI people .I am a Novice person in Income Tax need your help ,suggestion and valuable advice . I am working
abroad earning Rs 60000 /month after Tax . Which I had already declared to the IT dept .
Now my question to all the Honarable IT expert is . My father recently died on 2010 keeping a unmoveable
Property . As I am staying aborad and trying to settled here . So no longer I am able to keep that Unmoveable
Property like this as I can´t look after it from aboard Now I wish to sale that Property . So if I get the huge
amount of Money from the Property say nearly Rs .1,5 Cr how I can transfer this money to aborad legally from
the eye of Income Tax .
Also is there anyway to save the Income Tax from this huge amount . As I heard in the Capital gain (is this under a capital gain )you need to pay maximum 30 % tax . If that is the situation then how can I reduce this tax burden . I need your suggestion please . As I don´t know so much about Income Tax .My next question is if the buyer pay some money as White and some in black . Is there any path to make that black money to convert in white.
As the buyer will pay the current registration(Price) amount in white rest amount I have no way to show to
Income tax in that situation what steps I must take . Please could you provide the advice.
