Sale By NRI

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673 Points Posted on 09 May 2023
an NRI want to sell house property purchased in india.
can he liable to pay LTCG
he can buy govt bonds to save tax
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On 09 May 2023 at 11:33 Report
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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.

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SEO Sai Gr. Hosp.
212475 Points Posted on 09 May 2023

1. Yes.

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

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On 09 May 2023 at 11:44
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Profession
28261 Points Posted on 09 May 2023
There can be a waiver of ltcg it can also be sec 54F.
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On 09 May 2023 at 16:27

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