Treatment of Capital Gain/Loss in case of NRI
This query is : Resolved
14 July 2022
What will be the tax implication if a non resident Indian (now a Canadian citizen) sells land in India for Rs.5 crores? Should TDS be deducted by the buyer? Can he deposit the sale proceeds in his NRE Account in India?
14 July 2022
1. Yes, TDS will be deducted by buyer.
2. No. It can be deposited only in NRO account.
2. No. It can be deposited only in NRO account.
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