Non resident income from sale of house
This query is : Resolved
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 .
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
- Off Market debit and credit transaction
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- NRE Interest Income applicability
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Query regarding TDS on EPFO Higher Pension Arrears*
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
