Capital gain related

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2012 I HAD PURCHASED 3-BHK= 1950-SQ.FEET FLAT- TOTAL COST 55- LAKH ON 28/3/2012.
ITS DASTAVAGE DONE ON 30/3/2012 OF 22.05 LAKH. I HAD GIVEN 22.05 LAKH RUPEES WHITE AMT.CHQ.
- OUT OF THIS 17- LAKH RUPEES CHQ FROM NRI- A/C & 5- LAKH RUPEES CHQ FROM MY KRIBHCO SALARY
A/C BOB. NOW I WANT TO KNOW THAT WHENEVER I WILL SALE THIS FLAT MAY BE AFTER 6- MONTH OR 2/3
YEARS, I CAN CREDITED OR NOT OF WHITE AMT. OF 17- LAKH RUPEES CHQ IN MY NRI- A/C.
ICICI PEOPLE TOLD THAT YOU CAN CREDITED IN YOUR NRE - A/C AFTER TAKING I.TAX DEPT.PERMISSION. SO THAT YOUR WHITE NRE- INCOME AS IT IS. I M HERE IN OMAN UP TO DEC- 2012.
EARLIER I HAD SOLD - LAND PLOT ON 25/3/2012. SO NOW I HAD INVESTED IN THIS FLAT.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

17 April 2012 The purchase of immovable property in India has been GENERALLY granted by RBI to the non resident INDIAN. ( No separate permission is required to be taken)
While selling the flat also no permission is required to be obtained from RBI as it is given GENERALLY.
The entire sale proceeds you can deposit in NR(external) account. Do not confuse with 17 lakh.
( N.B. The proposition of buying agricultural land doen NOT fall in above ambit)

Message likes : 1 times

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

tpksathyan narayanan

S D Kannan

ASIM ATREY AND ASSOCIATES

Tanishka Khandelwal

Vimlesh kumar

Subscribe Now

Capital gain related

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA