The sale of property in India has tax implications which depend on various factors like the type of property, holding period, and the residential status of the seller. Basically, it attracts capital gains tax. Following is an overview: 1. Nature of Capital Gains Holding period i.e. ownership...
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Excess TDS on interest income, sale of property or any other income can be claimed back as refund. The process is simple, just file your tax return in India and claim refund of excess tax deducted. Claim refund Lower Tax Deduction Certificate ...
Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not taxable in India. But if an NRI earns income in India, in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in...
How much gold can an NRI bring into India? Saving tax on sale of your residential house property Appeal before the Jurisdictional Commissioner of Income Tax Share Trading Income for NRIs –Is it Business Income or Capital Gain? Can NRI plan for the income tax exposure on the interest income...
largely depends on your residential status in India. As a returning NRI, you may try to sell your overseas assets while you are still a NOR or NRI. As a NOR or NRI, if you sell any overseas assets and receive the sale proceeds outside India, you do not have to pay any taxes in...
10. TDS amount for NRI if they own a property? Yes, according to section 195. You can file an application with the officer in charge of non-resident taxation if you have any doubts about the TDS deducted amount. Alternatively, if the recipient believes the TDS is excessive, he may file...
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-Save Income Tax On Sale of House Property/ Read more » IncomeTaxReturnIndia.com provides Income Tax Return e-filing, Income Tax Consultancy, Charetered Accountancy services, Income tax return online filing, Income Tax refund and Service Tax Return for Professionals, Freelancers, Business, NRI ...