nri selling property in india repatriation Options
nri selling property in india repatriation Options
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Portion 54 (Household Property): NRIs can declare an exemption by reinvesting the gains from a lengthy-time period household property sale into another household property in India.
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Naturally, your purchase price of The brand new property may be higher than the quantity of capital gains. Having said that, your exemption shall be restricted to the overall money attain on sale.
NRIs can minimize tax liabilities by investing the proceeds from the sale in sure federal government-accredited bonds beneath Part 54EC or by reinvesting the sale amount of money in another property underneath Area 54F. These exemptions can noticeably decrease or maybe eradicate LTCG taxes When the conditions are met.
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