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.
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NRI - Minimize Capital gains on sale of Property
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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.
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