NRI Taxation doubt

Guest

Could anyone give the tax implications for the following situation:

1. When an NRI sells an immoveable property and there is capital gain on the same under whatv section and

at what rate is the Capital gain taxed. Whether indexation benefits are available for the same.

Replies (2)

chartered accountant

20 Points Posted on 23 July 2010

indexation facility is not available

he'll be taxed at 20%

Profession

20 Points Posted on 11 April 2011

Please find status as below

Individual NRI – US Citizen

Having following Income from India

1. Long term Capital Gain on sale of property In India

2. Short Tern and Long term Capital Gain on sale of Mutual fund and Stocks

3. Interets on Savinhgs in NRE NRO and Normal Saving accounts in India

Since in US world income will be taxable – please suggest the tax inplications in US return of Income

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