capital gain on sale of foreign house
This query is : Resolved
04 February 2008
Assessee had sold his house property situated at UK, there is no capital gain tax in UK as it is his first property. He is resident & ordinarily resident in P.Y.
wht is the tax obligation in India?
wht is the tax obligation in India?
05 February 2008
If he is resident in India, capital gain on house property situated abroad also is taxable.
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