Taxation of Capital Gains for Non Resident
This query is : Resolved
09 July 2008
Dear all,
I want to know whether an individual can invest in property abroad and claim deduction under 54 and 54EC. If yes whether it is available for non resident
I want to know whether an individual can invest in property abroad and claim deduction under 54 and 54EC. If yes whether it is available for non resident
09 July 2008
Yes. Sec. 54 / 54EC contemplate exemption for any individual irrespective of his residential status. Moreover, Sec.54 lays no such prerequisite as to the location of the new property. The provisions of DTAA with the concerned nation would, however, have to be considered.
10 July 2008
Thanks Mr. Mehra. IF the person has sold the property on 20.3.2008. And not paid any advance tax as on 31.03.2008 Then how much interest is chargeable under 234B or 234C..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Bank details not Visible on Traces Portal
- TDS ON EMAIL DOMAIN SERVICE BILL
- Journal entry of busniess expenses
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
