tarun (student) (42 Points)
21 February 2014a NRI sold one house in India and having capital gain of 60 lakhs want to invest the same in property out side india and as per income tax can claim deduction u/s 54 of income tax act my question is that how can he remit the same money out side india as in 15cb their is no clause explained about the same how can he remit the money to abroad
CA Dauzi Pathan Imran Khan
(Chartered Accountant in Practise)
(1678 Points)
Replied 21 February 2014
yes... even NRI can avail exemption u/s 54 provided he reinvest the money in residential house also he should have sold the residential property.
tarun
(student)
(42 Points)
Replied 21 February 2014
IMRAN PLEASE READ MY QUIRY CAREFULLY THEN ANSWER THE SAMEI KNOW THAT DEDUCTION U/S 54 IS AVILABLE TO NRI
CA Dauzi Pathan Imran Khan
(Chartered Accountant in Practise)
(1678 Points)
Replied 21 February 2014
Refer Clause 9C and 9D in form 15 CB..and decide as per ur requirement.
Hope u clarified ur doubt.
P.S: Please improve your english. no offense
CAclubindia
