Capital gain on sale of resident house by non-resident Indian
This query is : Resolved
17 November 2025
Mr X is non resident Indian and he is owner of resident house since 2002 and purchase cost is Rs 20 Lac. he has sold the resident house during the Financial Year 2024-25 for Rs 80 lac. He had received token money of Rs 20 lac in April 2024 and remaining amount of Rs 60 lac in August 2024 at the time of registration of sale deed. sale deed is register on 25 August 2024. my query is whether , Mr x is eligible to get indexation benefit or not on the basic of token money is received before 23/07/2024 by account payee cheque?
17 November 2025
Give the TDS deduction details...
18 November 2025
Hello
There is no Indexation benefit available to NRI
There is no Indexation benefit available to NRI
19 November 2025
NRIs can claim indexation on sale of long-term property.
Section 48 treats residents and NRIs the same for indexation.
Receipt of token money before 23-07-2024 does NOT affect indexation.
Full LTCG = Sale price – Indexed cost.
TDS under Section 195 may be high unless CA certificate is obtained.
Section 48 treats residents and NRIs the same for indexation.
Receipt of token money before 23-07-2024 does NOT affect indexation.
Full LTCG = Sale price – Indexed cost.
TDS under Section 195 may be high unless CA certificate is obtained.
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