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 .
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.