capital gains
This query is : Resolved
12 May 2011
Dear Sir,
I need clarification in the following case:
An Indian Citizen settled abroad,i.e. Non resident Indian (got citizenship of the foreign country) has sold his house property in India.how the capital gains should be taxed in the hands of NRI.Whether Indexation Benefit is available or not.At what rate the capital gains should be taxed.
Whether exemption u/s 54,54EC is available.
I need clarification in the following case:
An Indian Citizen settled abroad,i.e. Non resident Indian (got citizenship of the foreign country) has sold his house property in India.how the capital gains should be taxed in the hands of NRI.Whether Indexation Benefit is available or not.At what rate the capital gains should be taxed.
Whether exemption u/s 54,54EC is available.
CA MANOJ GUPTA
(Expert)
13 May 2011
CAPITAL GAIN WILL BE TAXED IN INDIA
INDEXATION BENEFIT WILL BE AVAILABLE
TAX WILL BE LEVIED AT 20 PC
EXEMPTION WILL BE AVAILABLE UNDER SECTION 54/54EC PROVIDED CONDITIONS SPECIFIED THEREUNDER ARE SATISFIED
CA MANOJ GUPTA
JODHPUR
09828510543
INDEXATION BENEFIT WILL BE AVAILABLE
TAX WILL BE LEVIED AT 20 PC
EXEMPTION WILL BE AVAILABLE UNDER SECTION 54/54EC PROVIDED CONDITIONS SPECIFIED THEREUNDER ARE SATISFIED
CA MANOJ GUPTA
JODHPUR
09828510543
CA. Anuj Gupta
(Expert)
15 May 2011
Sec. 54 benefits shall not available for properties purchased outside India.
Anuj
0-981016211
Anuj
0-981016211
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