I am a NRI looking to sell my property in India that I have held for 10 years. I am trying to understand taxes I need to pay and ways to minimize paying tax. First time trying to do this any help in explaining the process and links to the relevant sites will be appreciated.
Menu
NRI - Minimize Capital gains on sale of Property
Replies (1)
You can invest your sale proceeds under section 54 series of income tax. if you don't want to invest in another asset then you can deposit upto 50lakhs in bonds for a lock in of 5 yrs.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
