08 January 2016
dear all if i am NRI and i purchased one house say in 50,00000 in the year 2008 and now i sell it in 1.5 crore. so what will be the tax consequences.
08 January 2016
CAPITAL GAIN TAXABLE IN INDIA IF HOUSE IN INDIA, PURCHASE AND REGISTRATION COST 5000000*1081/582 IF IT IS PURCHASED 2008-09 AMOUNTS TO 9286942/- DIFFERENCE IS LONG TERM CAPITAL GAIN RS.5713058/-TAX @20% 1142612/-