Capital gain tax for nri

According to my knowledge :

There will be capital gain tax....

Computation of capital gain..

Sale consideration                                                                            xxx

Less : Indexed cost                                                                        (xxx)

(indexed cost of your property)

(i.e. indexation of the year in which you acquired the property)

Less : Indexed cost of Improvement                                           (xxx)

(if you did any additional construction)                                     ------------

Long term Capital Gain                                                                    xxx

If you are constructing new then such construction should complete within 3 years from the date of sale. And amount which you will get from sale of old asset should deposit in Capital gain account scheme. You can get exemption U/s 54, 54EC of Income Tax Act 1961..

Please provide exact figure and year of purchase and sale if you want assurity.. 

Rectify me if I am wrong..

Regards,

Siddharth Bumb

sidbumbhelp @ gmail.com

WWW.SIDDHARTHBUMB.BLOGSPOT.COM

agreee with above

it is also  noted that  amt to be invested in capital gain investment scheme in nationalised bank for purchase of property if not utilised before filling your income tax return i.e  31st july

agree with sidhartha