helo dear frd..
Can any one tel me
if an NRI, citizen of U.K , which hold NRE a/c ,sold its House property (LTCG) ,which situated in india
Any tax liability raise in india other then capital gain tax cover under sp.section sec 115????
Rahi Naik (student) (180 Points)
23 July 2010helo dear frd..
Can any one tel me
if an NRI, citizen of U.K , which hold NRE a/c ,sold its House property (LTCG) ,which situated in india
Any tax liability raise in india other then capital gain tax cover under sp.section sec 115????
Deepesh Khatri
(CA)
(167 Points)
Replied 23 July 2010
He will be liable only for LTCG u/s 115E @ 20%.
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 23 July 2010
dear rahi
he will not be liable to pay any tax other than capital gain tax in india.
regards
tarun rustagi
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 23 July 2010