Income tax on nri : sale of flat /property

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  ?

 

 

 

Replies (1)

can he apply for tax exemption certificate? Yes, provided no tax liability.

Where  can he reinvest the capital gain ..in Mutual fund or property or stocks?

house property in India and/or Capital Gains Bonds.
 

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