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Bank interest received from out side india

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2014 A land purchased 4 years before, a building was constructed on it 3.5 years later. Now the total property was sold. how to compute capital gain when the land is under LTCG & building is under STCG period?
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(Querist)
01 August 2014 indian resident having Bank account in outside india..get interest from that it is taxable under income tax act
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 August 2014 yes such interest shall be taxable in India.
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Rupesh Jain

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Rupesh Jain (Expert)
02 August 2014 FOR BUDILING WILL BE TAXABLE UNDER LTCG AND CAN CALIM U/S 54 AS EXEMPTION.
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Rupesh Jain

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Rupesh Jain (Expert)
02 August 2014 INTT WILL TAXABLE IN INDIA UNDER INCOME FROM OTHER SOURCES HEAD.

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