28 February 2022
i have a residential property in india and now if i become nri, later i decide to sell property what will happen? i am allowed to take money outside india? any extra tax or something? should i sell before becoming nri?
02 March 2022
Percentage wise, no difference at all. In either case LTCG will be 20% + cess. (after indexation). Deduction u/s. 54 &/or 54EC of the act can be claimed. You can repatriate funds from NRO account up to a maximum limit of USD 1 million per financial year as allowed by Reserve Bank of India (RBI).
CAclubindia
