Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2014
A person who is NRI but citizen of india, has sold his house property situated in India in Jan, 2014. He wants to remit sales proceeds in abroad and buy house over there. Can he claim exemption u/s 54 ?
19 December 2014
his income assessed in a y 2014-15 and for purchase of house he have to deposit the amount in capital gain a/c last date was 31.7.2014.
so income will be taxable and he have to pay tax on the gain on sale of property.
so income will be taxable and he have to pay tax on the gain on sale of property.
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