Hi,

At the time of land when we declare the value of the immoveable asset that we would like to sell and bring later, please advise if we have to give a Property Valuer's certificate showing the exact value of the immovable asset along with the copies of the sale deed or can we just mention the value without any proof of the actual immovable asset or will they insist on proof of the value of the property.

If they do not require any valuer's certificate, how do they verify if the property is not overvalued currently, as when we sell this property at a later date I understand we have to pay 20% capital gain on the difference in the value of the property we declared at the time of landing and actual amount we sell at a later date.

We can always over value the property and then show a small difference in the appreciation after two years, thereby paying less capital gains .

I would appreciate urgent feedback as I have to obtain a valuer's certificate if it is required.

All you have to show at the time of landing is sufficient funds at hand in liquid form which can be either in a bank account , draft travellers cheques etc.

I am not too sure if value of immovable assets will be accepted at the time of landing. I you are bringing sufficient landing funds in liquid then i think there is no need to show the value of immovable assets.

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What can be imagined, can be achieved.

Thank you Mishter India. Ofcourse we will be bringing in the liquid cash as required by the immigration authorities at the time of landing. However, after two to three years I would also like to bring a considerable about of money after sale of my immovable property in India in order to purchase a property in Canada. My question was what is the legal way of bringing in this money later. Is a valuers report required and how do they verify if the actual value of the property is as stated by us.

I too would like to know on how to declare the value of immovable assets and again how to bring in CA later.
Anyone please guide on the issue

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mor

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