Is Indexation allowed in calculating LTCG in case of sale property by NRI??
Further if TDS is deducted @ 1% on such transaction how can he get refund of TDS if he makes a loss after indexation??
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Capital Gain for NRI
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"Is Indexation allowed in calculating LTCG in case of sale property by NRI?"
YES
"Further if TDS is deducted @ 1% on such transaction how can he get refund of TDS if he makes a loss after indexation?"
TDS on Properties purchased from NRI is not just 1% !!!!!!!!!
Anyway, whatever TDS amount is deducted by buyer (& TDS certificate issued to you), will reflect as credits in Form 26AS, which can be claimed by filing IT return for the corresponding year.
okk..thank you sir..
Most welcome.....
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