29 September 2008
What can be tax planning to manage long term capital gain if any NRI sells his house having cost 60 Lacs (FY 04-05) for Rs.94 lacs in FY 08-09.
The cost of Rs.60 lacs was incurred by father of NRI who has transferred to him by will.
30 September 2008
Please clarify: The year indicated in brackets by you-FY 04-05 is it the year of acquisition by the father or the date NRI got it by will?
CAclubindia
