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Bank interest received from out side india

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Querist : Anonymous

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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

02 August 2014 yes such interest shall be taxable in India.

02 August 2014 FOR BUDILING WILL BE TAXABLE UNDER LTCG AND CAN CALIM U/S 54 AS EXEMPTION.



02 August 2014 INTT WILL TAXABLE IN INDIA UNDER INCOME FROM OTHER SOURCES HEAD.


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