Poonawalla fincorp
Poonawalla fincorp

capital gain on sale of foreign house

This query is : Resolved 
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(Querist)
04 February 2008 Assessee had sold his house property situated at UK, there is no capital gain tax in UK as it is his first property. He is resident & ordinarily resident in P.Y.

wht is the tax obligation in India?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
05 February 2008 If he is resident in India, capital gain on house property situated abroad also is taxable.
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Jitender

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Jitender (Expert)
09 March 2009 capital gain tax is payable in india.
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