NRI issue

444 views
User Avatar

student
51 Points Posted on 02 February 2011

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?

Reply Share Follow
On 02 February 2011 at 12:55 Report
Replies (2)
User Avatar

Learner
3431 Points Posted on 02 February 2011
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.
Reply
On 02 February 2011 at 13:20
User Avatar

CA CS
223 Points Posted on 02 February 2011

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

Reply
On 02 February 2011 at 13:32

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on payment to a non resident
  2. NSFA(National Food Security Act) commission
  3. RCM applicability on petty GTA freight (₹450
  4. Short payment reccieved in export & GST implic
  5. Parag Gupta vs Purushottam Aggarwal- who is best f
  6. GST applicability on own-vehicle goods transportat
  7. FAST DS Scheme 26
  8. 12A registration expired in FY 22-23 and is not re
  9. Seeking Clarification on Business Code Selection a
  10. CG on property sold after construction of a house

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details