Income tax on nri : sale of flat /property

Gibin George (Student) (36 Points)

05 September 2016  

I have heard if a NRI can sell  Flat/apartment/property after 3 years ,

  • there is capital gain tax @ 22.66% if he wishes to reinvests the amount back  and
  • TDS u/s 195 on property sale consideration value @ 20.66% .
  1. can he apply for tax excemption certificate?
  2. Where  can he reinvest the capital gain ..in Mutual fund or property or stocks  ?