Non resident filing - captail gains
This query is : Resolved
21 December 2015
Hello,
I have a doubt regarding filing of "Non Resident" income tax return
He didnot have citizenship in India and also he is non resident
He sold a property in india what are exemptions can claim by him u/s 54?
what are ways for non filing of income tax return by Non resident??
If he paid all taxes regarding sale of thatproperty is that mandatory to file the return??
Is DTAA provisions applicable if he sell property in India?
Note: he is non resident he is not NRI
Read more at: https://www.caclubindia.com/forum/non-resident-filing-of-return-343960.asp
I have a doubt regarding filing of "Non Resident" income tax return
He didnot have citizenship in India and also he is non resident
He sold a property in india what are exemptions can claim by him u/s 54?
what are ways for non filing of income tax return by Non resident??
If he paid all taxes regarding sale of thatproperty is that mandatory to file the return??
Is DTAA provisions applicable if he sell property in India?
Note: he is non resident he is not NRI
Read more at: https://www.caclubindia.com/forum/non-resident-filing-of-return-343960.asp
CA R SEETHARAMAN
(Expert)
21 December 2015
1 If it is a hose property he can claim exemption u/s 54 by buying another house. Being a foreign passport holder buying a property in India is not allowed.
2 No need to file the return if there is no refund of tax deducted.
3 DTAA provisions applicable.
2 No need to file the return if there is no refund of tax deducted.
3 DTAA provisions applicable.
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