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Nri purchase n a land in india

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(Querist)
24 August 2019 NRI PURCHASE N A LAND IN INDIA TAXABILITY IN INDIA
NRI SOLD N A LAND N INDIA AFTER 3 YEARS TAXABILITY THEREOF
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 August 2019 The treatment is same for a NRI as well so on the sale of the land. Rural agricultural land is not considered as a capital asset and hence, no taxes to be paid on sale of rural agricultural land.
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DHANANJAY S KULKARNI

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DHANANJAY S KULKARNI (Querist)
25 August 2019 Ok thanks sir for early solution




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