CA RAHUL AGRAWAL (Assistant Manager-Service Tax) (1733 Points)
29 June 2015Hello 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??
Deepesh Ashwin Shah
(Chartered Accountant)
(141 Points)
Replied 30 June 2015
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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