Could someone please guide me if after the latest budget, Can a NRI pick between 20% tax with indexation or 12.5% without indexation. Thanks
vinesh Bajaj (3 Points)
17 August 2024Could someone please guide me if after the latest budget, Can a NRI pick between 20% tax with indexation or 12.5% without indexation. Thanks
jagdish chhugani
(engineer)
(781 Points)
Replied 17 August 2024
DEPENDS BEFORE BUDGET OR AFTER, WAIT FOR FINAL AMENDMENT, I UNDERSTAND AFTER BUDGET 12.5% WITHOUT INDEX BUT PROPERTY PURCHASED BEFORE 01/04/2001 FAIR MARKET VALUE / CIRCLE RATE VALUE.
LOT VEDIOS ON YOUTUBE ON THIS SUBJECT.
vinesh Bajaj
(3 Points)
Replied 17 August 2024
Thanks Jagdish, my property was registered in 2014 and I'm planning to sell it now. But I'm not getting clarity on whether as a NRI I can take the indexation benefit or not. I will be btter off with indexation than the 12.5% tax w/o indexation.
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