NRI issue

426 views 2 replies

NRI sold its property and at the same time buy new house in india.my Question this that

1.if new house buy by assessee in his spouse name or on joint holding ,is assessee claim deduction under sec 54 for deduction again LTCG.

2.which type of bank a/c open by NRI so that NRI  move its Indian currency at abroad anytime?

Replies (2)
If assess buy new house in his spouse name than no benefit u/s 54 and second thing for joint holding assess should first name in joint holding. NRI Account is best for Indian currency transactions.

so from my point of view the above answer is correct as given by pankaj

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