Dear All,
If NRI buys residential property in India, should NRI get PAN first?
If after 3yrs NRI sell that property, what will happen with PAN or Without PAN?
1 Replies
Vinay
(Proprietor)
(28 Points)
Replied 08 August 2011
It is not necessary that while buying a property NRI should hold PAN. after selling of property income earned in India will be taxed as per the provisions of the then applicable act & rules.as per the present scenario, it will be taxed in India and NRI can not transfer / remit the funds outside India without paying Income Tax on the Sale instance.
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