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% .
- can he apply for tax excemption certificate?
- Where can he reinvest the capital gain ..in Mutual fund or property or stocks ?
CAclubindia
