Income Tax obligations when property is purchased /sold by NRI

bujjulu (e-TDS + IT return filer Hyderabad)   (731 Points)

23 October 2023  

Income Tax obligations when the property is sold for 2-3 crores by NRI.

With that money, the same NRI purchases another property of around the same value ie. 2-3 crores. 

What are the obligations, he has to fulfil?