Hi,
I want to know about law for long term capital gain tax implied to NRI.
How much would be the tax and specifically what are ways to save the same?
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Long Term Capital Gain Tax for NRI
Replies (2)
The LTCG tax would be 20% + Cess
All available deductions such as 54, 54F, 54EC are applicable to you depending upon type of asset sold.
Note that you will have to face TDS deduction by the buyer on the entire sale proceeds.
All available deductions such as 54, 54F, 54EC are applicable to you depending upon type of asset sold.
Note that you will have to face TDS deduction by the buyer on the entire sale proceeds.
IT IS SAME AS INDIAN CITIZEN
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