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.
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
(Expert)
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)
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- 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
