When we migrated four years ago, our lawyer had said we have five years in which to bring in money from sale of our house in Bombay. Within five years there is no tax on principle. Only on interest. After five years principle is taxed!

Is this true?

Thanks for posting your question Videseebhai.

Unfortunately I could not tied any regular expert for this section. I contected couple of guys and they seems to be busy.

I will try to get one soon.

Dear Visitors,

If you know any taxation expert, who is internet savvy and at the same time ready to help people, please let me know.

Thanks.

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A Proud Indian Canadian

I think for indian property matters, it is better to contact tax consultant in India.