Non resident income from sale of house
This query is : Resolved
ROUNAK AGARWAL
(Querist)
18 November 2014
Assessee was a resident of India , 7 yers ago and so at that time purchased house in India . After few months he shifted to Australia and never returned so became a non resident and now in 2015-16 asessment yr he wants to sell his property loacated in India .
What are tax implication on income from sale of Home . There is DTAA between india - Australia perhaps .
What are tax implication on income from sale of Home . There is DTAA between india - Australia perhaps .
Amol S Joglekar
(Expert)
19 November 2014
01. There is DTAA between India and Australia.
02. His long term capital gain from this house property shall be calculated and accordingly taxed in India.
02. His long term capital gain from this house property shall be calculated and accordingly taxed in India.
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
- Visiting card purchase
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Additional trade name
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- 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
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
