Nri taxability

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ANAND GIRIDHARI CHANDAK (Querist)
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29 June 2015 Whether NRI is liable to pay 20% tax in Sales of immovable property. If yes is there any scope for tax planning apart from sec 54 ?

CA R SEETHARAMAN (Expert)
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29 June 2015 Yes NRI is liable for 20% tax on long term capital gain. Up to 50 lacs you can deposit for 3 years in 54EC bonds.

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