I purchased a property in India 3.5 years ago. Part of the payment is done from an NRE account and for financial year 2013-2014 paid using a local RS account because I was working in India. I've gotten a resident card for South America now. I would like to sell this property and transfer the proceeds to that country.
- Will I able to put the Rs amount back in the NRE account the same amount which I have paid against that house?
- Will I need to pay TAX on NRE account money before transferring out of India?