rama987
May 27, 2012, 08:31 PM
How much I have to pay as taxes in india
How much taxes I need to pay in usa.
I am a us citizen? Please advise
Rama
jbs4352
May 27, 2012, 09:49 PM
how much i have to pay as taxes in india
how much taxes i need to pay in usa.
i am a us citizen? please advise
rama
You would only be required to pay the Indian tax. Sales done abroad are not subject to US taxes. Best to check with a certified accountant. Also, when you do put the property up for sale, find a reliable realtor in India who can show the property so you don't need to be there. The transaction could be done through paypal. This would require a great deal of trust.