Getting money from India to USA after property sale

[shilsum]

Hello,

I have some property in India, which I plan to sell soon. Can I get the money to the US ? What kind of taxation is involved?

Are there any sites, besides this, that will give me more information ?

Thanks in advance.

[leifbooger]

Yes, you can sell the property and get the money to the US. I think you would need to pay 15% tax on the profit you made on the sale. If you invest all the money you get into another property in India or buy govt bonds with that money, you do not need to pay any tax. If you have the property in one of the emerging cities like bangalore, mysore, hyderabad, pune.. I would suggest keeping it for a while longer. It is bound to double in value.