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A release deed is a legal document that is used to transfer the rights of an individual or entity from one party to another. In India, these documents are often used for property transfers and to settle disputes between parties.
Documents required by NRI for selling property in India: PAN Card- It is required if one plans to apply for a tax exemption certificate after the sale of the property. NRIs of select countries are given PAN numbers which have their foreign residence address.
Documents required for repatriation of sale proceeds: Certificate from Chartered Accountant ? Form 15 CB. Certificate from income tax department ? Form 15 CA. Application in a bank for foreign exchange. Proof of inheritance in case of sale of inherited property. Document proving sale.
The list of documents required by an NRI to sell off the property is as follows: Passport as an Id proof. PAN Card to apply for tax exemption certificate after the sale of the property. Tax returns, if the property yields earnings. Address proof of India and abroad. A sale deed as proof of ownership.
5 Different ways of acquiring or transferring Real Estate Assets Sale Deed. This is the most popular method of property transfer in India. ... Gift Deed. A gift is a money or house, shares, jewellery, etc. ... Relinquishment Deed or Release Deed. ... Partition Deed or Settlement Deed. ... Inheritance or WILL Deed.