Income for nri

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

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.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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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/-

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Querist : Anonymous

Querist : Anonymous (Querist)

08 January 2016 thanks a lot to solve it

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