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Capital gain

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(Querist)
04 December 2014 hello sir
my query is
if NRI transfer long term capital assets in mumbai.
how much rate of tax will be charged on this transaction
10% or 20%????
or any TDS implication in the hands of transferee?
plss.. guide with reference to income ta act 1961

04 December 2014 Can you specify type of asset on which long term capital earned

ali (Querist)
04 December 2014 house property (gifted by his grand father)


04 December 2014 The Tax will be 20% of long term capital gain with indexation as per section 112(1)(c)




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