Capital gain of nri
This query is : Resolved
dilip phatak
(Querist)
02 April 2019
Dear sir,
My daughter is NRI she wants to sell flat purchased by her in 2003 for Rs 40 Lakhs cost is 6 Lakhs . After paying c.g .tax whether she can transfer money to UK from her NRE Account with Axis Bank
Dilip
My daughter is NRI she wants to sell flat purchased by her in 2003 for Rs 40 Lakhs cost is 6 Lakhs . After paying c.g .tax whether she can transfer money to UK from her NRE Account with Axis Bank
Dilip
KAVIRAJA ADDANGADI
(Expert)
02 April 2019
Capital gain to be deducted by buyer @20.8% on total sale proceedings .subsequently Assesse can file Capital Gain tax return
CA PARAS BAFNA
(Expert)
03 April 2019
She has to deposit the Sales consideration in her NRO account first and then after she can transfer the funds through the same account by filing Form 15CA and 15CB through a CA.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Movement of goods by packers and movers - type of sale - Reg.
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Missed uploading GST Invoice
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- RCM and same line
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
