Nri capitalgain on sale of house... urgent ..


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2014 Pls help me
One my clients Having Capitalgain income on sale of Residential house,sale proceeding she wants to take it out side the country.
Dear experts pls advice me
1.How to get tax benefit on capitalgain
2.Procedure to take the sale proceedings from india to usa
3.Sale proceedings amount Rs.3.5cr.
4.She is an NRI
5.COA 1970 is 100000 only.
6.exemption like 54ec,54a...etc can she avail.????
Thanks in advance

12 December 2014 She can invest in house property out of the proceeds of the capital gain OR she can invest in Capital Gain Bonds to avail the benefits.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 December 2014 Thanks for reply

sir
pls how much she can get benefit as per she's proceedings
pls help me in detail

Thanks

Rupesh Jain (Expert)
12 December 2014 you have to calculate the capital gain

using the index for the related year.
and if you want to use the u/s 54

then your tax will exempt otherwise you have to pay tax.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details