if there is 20 lacks plot of land and u wanna sell it and bring the money in UK, how much is the tax 2 pay in india?
plz reply soon
karan kumar bhatia (student) (233 Points)
05 July 2010if there is 20 lacks plot of land and u wanna sell it and bring the money in UK, how much is the tax 2 pay in india?
plz reply soon
Siddarth R Sunder Ram
(Finance Professional)
(230 Points)
Replied 05 July 2010
You need to give further details like date of acquisition, cost of acquisition. Only then can the tax be calculated. Anyway whatever be the tax, it will be payable in India. I don't think any tax is payable in UK for its subsequent remittance to UK (it'll depend on the Double taxation avoidance agreement between India and UK).
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
