Sale By NRI

an NRI want to sell house property purchased in india.
can he liable to pay LTCG
he can buy govt bonds to save tax
Replies (2)
Quick Summary
Non-Resident Indians (NRIs) selling property in India may be liable for Long Term Capital Gains (LTCG) tax. However, tax can be saved by investing in specified government bonds under Section 54EC. Section 54F also offers potential capital gains tax waivers.

1. Yes.

2. Yes, provided invested in sec. 54EC Bonds .

There can be a waiver of ltcg it can also be sec 54F.

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