Hi, I have a question which is running over my mind from past few Days! It will be very thankful if anyone of you can answer my question
I own a land in India which was inherited from my grand father! I own it now for more than 3 years! I am planning to sell that land in India and transfer that funds to Australia so I can buy a house in Australia. My question is, is the capital gain exemptable as I am purchasing an other property overseas?? If so what all documents are required in order to prove that??
Waiting for a reply! Thank you
CAclubindia
