banner_ad

Foreign Property Sale by an Indian Resident

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 August 2021 Sir,
I am NRI form 2016 till now in UAE. I have purchased a flat in Dubai in Feb2021.
I am planning to permanently move back to India in Jan2022 and then in future, If I sale my Dubai flat say in Dec2022 (while I will be an Indian resident), please advise is there any tax liabilities to transfer that Dubai flat's sale amount into the Indian savings account.
Please note that foreign property was bought while having NRI status only from the foreign earnings.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
11 August 2021 You have during the 7 financial years preceding the year been in India for a period of 729 days or less. you will be considered as resident but not ordinary resident. in such a case your sale will not be taxed in India.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details