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...


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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query