I have a property selling in India to another NRI who is willing to pay money to my NRE account in India and transfer to my USA bank account.
Can you guide me what and how to work on this issue in the current scenario?
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Sign up to join this communityI have a property selling in India to another NRI who is willing to pay money to my NRE account in India and transfer to my USA bank account.
Can you guide me what and how to work on this issue in the current scenario?
An Indian citizen who is not a resident of India (an NRI) or a Person of Indian Origin (a PIO) is not permitted to sell or gift immovable property in India (real property for US readers) to another NRI or PIO; the property must be sold or gifted to a resident of India. So, assuming that the property in question is in India, you cannot sell it to your NRI friend.