A NRI wants to sell his residential flat in Mumbai purchased during 2006. In this regard:
- Is indexation benefit available to NRI for this long term capital asset or not?
- What should be TDS rate for this sale transaction? If it is 20%, whether 20% should be on computed capital gains or on gross sale value? I believe it should be on capital gains, but want to be abundantly sure to avoid non-compliance
- Is there an option to compute TDS @ 12.50% without indexation or does it have to be compulsorily 20%?
CAclubindia
