Capital Gain Tax on Foreign Citizen
This query is : Resolved
06 February 2025
A Foreign citizen selling a property in India acquired by will of his parents. The total consideration will be around Rs. 1.75 crores. What will be the Income tax applicable to him on Capital Gains?
"Sale is happening after 23.07.2024"
What will be the TDS that to be deducted by the buyer against this deal?
"Sale is happening after 23.07.2024"
What will be the TDS that to be deducted by the buyer against this deal?
06 February 2025
you can choose to claim indexation or not. the TDS shall depend upon which method you are choosing. If you want lower TDS, the seller can apply for Lower Tax deduction certificate.
06 February 2025
Thanks
What will be the rate of capital gain tax under indexation and non indexation case?
What will be the rate of capital gain tax under indexation and non indexation case?
06 February 2025
20 or 12.5. surcharge depends on the amount. Suggestion if you are not clear, make sure you have the right consultant handling this. Small mistakes in relation to TDS costs a lot.
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
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
