Posted on: 28-06-17 16:20:13
I m Canadian Citizen of Indian Origin. Do i need AaDhaar Card to sell inherited parents property and transfer funds to Canada. If i do need AaDhaar card how do get one in Toronto. Also do i have to be physically present myself to relevant local TELANGNA govt offices in India to sell my parents property. The property is still in my parents name & they are deceased. Tks.
Quote:
Originally posted by aslidesi
I m Canadian Citizen of Indian Origin. Do i need AaDhaar Card to sell inherited parents property and transfer funds to Canada. If i do need AaDhaar card how do get one in Toronto. Also do i have to be physically present myself to relevant local TELANGNA govt offices in India to sell my parents property. The property is still in my parents name & they are deceased. Tks.
AFAIK, you needs an Aadhaar card to sell the property....Now a days in India, without Aadhaar card even you can not open a bank account and almost near to impossible to do legal transactions without Aadhaar card in India.
As a proof of ID, every Govt offices in India are asking "Do you have an Aadhaar Card..??" before even talking to you.
After currency demonetization, most of the people avoid to do a cash transactions unless you are selling property in very low prices.
For Aadhaar card you have to visit local office at Telangna India only. You can not get or applied for AaDhaar card here in Toronto.
Aadhar cards are of all residents ,every individual above 15 years of age, including NRIs, and foreigners residing in INDIA can apply for Aadhar Card. ... There is no online process by which and OCI and POI can apply for Aadhar card. They need to come to India and be present in the center physically.
visit below link for documents to apply:
https://uidai.gov.in/
https://uidai.gov.in/images/commdoc/valid_documents_list.pdf
2 cents from my side....
all the best....
Thanks for above info on AaDhaa.
MINISTRY OF FINANCE. (Department of Revenue). NOTIFICATION NO. 37/2017
New Delhi, the 11th May, 2017
S.O. 1513 (E).-In exercise of the powers conferred by sub-section (3) of section 139AA of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the provisions of section 139AA shall not apply to an individual who does not possess the Aadhaar number or the Enrollment ID and is:-
(i) residing in the States of Assam, Jammu and Kashmir and Meghalaya;
(ii) a non-resident as per the Income-tax Act, 1961;
(iii) of the age of eighty years or more at any time during the previous year;
(iv) not a citizen of India.
2. This notification shall come into force with effect from the 1st day of July, 2017.
[F. No. 370133/6/2017-TPL]
ABHISHEK GAUTAM, Under Secy.
---------------------------------------------------------
From.. DUBAI...
http://www.khaleejtimes.com/business/economy/aadhaar-not-mandatory-for-nris-to-file-tax-returns
FH.
----
Quote:
Originally posted by aslidesi
I m Canadian Citizen of Indian Origin. Do i need AaDhaar Card to sell inherited parents property and transfer funds to Canada. If i do need AaDhaar card how do get one in Toronto. Also do i have to be physically present myself to relevant local TELANGNA govt offices in India to sell my parents property. The property is still in my parents name & they are deceased. Tks.
Quote:
Originally posted by aslidesi
I m Canadian Citizen of Indian Origin. Do i need AaDhaar Card to sell inherited parents property and transfer funds to Canada. If i do need AaDhaar card how do get one in Toronto. Also do i have to be physically present myself to relevant local TELANGNA govt offices in India to sell my parents property. The property is still in my parents name & they are deceased. Tks.
Officially you can't get an Aadhaar card in India, unless you reside in India for more than 182 days. But there are illegal means to get them as always.
You cannot get an Aadhaar card abroad. You have to be physically present in India for that. Without your Bio-Metrics like Finger Prints, Iris Scan ( Eye Scan ) they won't issue an Aadhaar card, so you have to be physically present.
You can sell your parent's inherited property by giving Power of Attorney to someone in India. Need not be physically present.
Then you transfer that money to your NRO account in India. You Can't deposit that money in your NRE account. Then you repatriate that money to Canada. There is no inheritance tax in Canada, so no need to pay tax on it.
Don't sell the property. Rent it out or something. Tomorrow, when you go back to India and trust me, you will, that property will come in handy. Plus it will appreciate in time.
Thank u very much for info.
You cannot sell the property if the property is in your parents name and they are no more. If they did not leave a will in your name then you have to get legal heir certificate. Then a relinquishment deed has to be done in your favour by other shareholders like your brothers and sisters. Then you have to get property transferred in your name. They might want to see at least one utility bill in your name, you might have to get that as well after name transfer is done.
Though you don't require Aadhar card, you need PAN card. You probably need OCI card as well if you are not Indian citizen anymore.
-----------------------------------------------------------------
Give free food http://www.thehungersite.com ||
