NRI Capital Gain Income queiry
This query is : Resolved
Dhaval A Desai
(Querist)
02 January 2009
If Non resident Indian sale House Property,do i claim deduction U/s.54 say Individual or HUF have to invest in residential house property within year 1 before.
Q.2 if N.R.I HAVING LONG TERM CAPITAL GAIN INCOME ON SALE OF HOUSE PROPERTY HOW DO I CALCULATE income tax liability, Eg.PROPERTY PURCHASE DT.6.2.95 Amt Rs.525000 cost and sale on dt.31.12.08 Amt Rs.21 lacks
Regards Dhaval Desai
Q.2 if N.R.I HAVING LONG TERM CAPITAL GAIN INCOME ON SALE OF HOUSE PROPERTY HOW DO I CALCULATE income tax liability, Eg.PROPERTY PURCHASE DT.6.2.95 Amt Rs.525000 cost and sale on dt.31.12.08 Amt Rs.21 lacks
Regards Dhaval Desai
03 January 2009
they cam purcahse a H.P two years after the date of sale or construct within 3 years of date of sale.
just inflate the cost by cost inflation index & deduct it from sale which is long term capital gain.
just inflate the cost by cost inflation index & deduct it from sale which is long term capital gain.
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