Hello Friends,
One of my friend living in USA has sold his property owned in India since last 22 years.
Can anybody help me out what are the overall complainces to be followed??
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Sale of residential house by nri
Replies (1)
1. need to calculate and pay tax
2. OR can invest gain in India in resi property and save tax
3. Need to fiile return in India
4. Need to take care at what rate is the purchaser is deducting tax on sale price, if applicable
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