Buying property in India: paying loan/mortgage
I am on a H1B visa in USA and thinking about buying property in India.
What is the best way to make payments from USA bank ac to pay loan/mortgage in India? Can I get tax relief for loan/mortgage payment in the USA tax return?
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There are multiple ways, transfer funds using Wire service or use Remittance services offered by quite a few Banks. Deposit the funds into an Indian account and use it to pay the mortgage.
To may knowledge you will not be entitled to a tax relief in US or in India.
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