Capital gain

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 February 2015 If an NRI sells his rural agricultural land to resident individual
Is it Taxable under capital gain and if yes then at which rate?

28 February 2015 Rural agricultural land situated 8 kms aerially away from municipal limits will be exempted from capital gains tax.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 February 2015 Thank You Sir,
But Is it So in case of NRI also ?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 February 2015 Thank You Sir,
But Is it So in case of NRI also ?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 February 2015 Thank You Sir,
But Is it So in case of NRI also ?

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 February 2015 Thank You Sir,
But Is it so in case of NRI also?

01 March 2015 NRI cannot buy agricultural land, plantation land or a farm house in India. Even he cannot acquire such property as a gift. However there is no bar on inheriting such properties.
If the property is inherited property or bought when he was resident, no capital gains tax will arise.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 11 July 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
ARTICLE ASSISTANT

BHUPINDER SHAH AND COMPANY

New Delhi

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details