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For NRI index benefit available if he sale property now ???

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NAVJOT SINGH

58 Points Posted on 16 August 2024

Can a non-resident taxpayer (Indian citizen, holding Indian passport) choose between 20% with indexation vs 12.5% without indexation on the LTCG from the Sale of his property purchased in 2007 after budget 23-07-2024

with index benefit there is a loss

For NRI index benefit available if he sale property now ???

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Quick Summary

This discussion explores whether Non-Resident Indians (NRIs) can still claim the indexation benefit on capital gains from property sales following the recent budget changes. While the proposal suggests this benefit may no longer be available to NRIs, the final notification is still pending. It's a crucial point for NRIs considering property sales.