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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2014 Dear Expert
My client is a NRI but having Indian PAN.
He has a property in Pune and going to sell at Rs 75 Lacs.
Indexed cost comes to Rs 51 lacs so
Long Term Capital Gain comes Rs 21 Lacs.
Now he wants to save capital gain so he would have to invest Capital gian amount in new property (House) with in time limit
but he wants to transfer balance amount to US
what to do for this?
Pls help
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CA CHIRAG DOSHI

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CA CHIRAG DOSHI (Expert)
06 November 2014 Balance amount can be transfer to US, after complying with 15CA & 15CB certificate form CA.

CA Chirag Doshi & Co.
9833027231
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 November 2014 Dear Expert
1. Is indexation benefit allowed NRI?
2. what to do for tax saving-invest in new property or in bonds?

Answer on the basis of NRI.
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Amol S Joglekar

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Amol S Joglekar (Expert)
06 November 2014 indexation benefit is equally available to NR. In fact they have a choice, either opt for indexation or 10% without indexation....
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Anand

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Anand (Expert)
07 November 2014 Indexation to NR not not available when they have made investment in their own currency.
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