Nri tax matter
Querist : Anonymous
Dear All Good Evening
One of my NRI client has purchased property in India, through the amount remitted in NRE account,
Now he wants to sale this property , on sales of property he has gain of Rs. 15 lacs approx. in rupee, however he has lost in foreign currency i.e. ( when He bought property in india rate of Pound is approx 85 and as of its 99)
So in this case do we get need to pay Capital tax on gain on INR or we get benefit of loss in foreign currency....
Please do needful....
Querist : Anonymous
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