Bank interest received from out side india
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2014
A land purchased 4 years before, a building was constructed on it 3.5 years later. Now the total property was sold. how to compute capital gain when the land is under LTCG & building is under STCG period?
01 August 2014
indian resident having Bank account in outside india..get interest from that it is taxable under income tax act
Nikhil Kaushik
(Expert)
02 August 2014
yes such interest shall be taxable in India.
Rupesh Jain
(Expert)
02 August 2014
FOR BUDILING WILL BE TAXABLE UNDER LTCG AND CAN CALIM U/S 54 AS EXEMPTION.
Rupesh Jain
(Expert)
02 August 2014
INTT WILL TAXABLE IN INDIA UNDER INCOME FROM OTHER SOURCES HEAD.
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