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NRI LAND SALE
NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better waySelling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...
Rs 22.94 lakh LTCG for land sale of Rs 92 lakh invited tax notice; Gujarat HC ruled in her favour after 9 years fight; Know whyLady got tax notice after selling land for Rs 92 lakh and reporting Rs 22.94 lakh LTCG in ITR; Know how Section 55A(a) helped her win case ...
NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT AhmedabadITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, w...
Are you an NRI who sold an under-construction property? Here's what actually counts as your “Date of Purchase” for capital gains calculationNRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term ca...
Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54FMany taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house...
Save income tax when filing ITR for AY 2026-2027 by claiming Section 54 or 54F benefits if you sold land, house property or equity shares; Know howIndian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential p...
ETMarkets Smart Talk | Selling property in India? Here's how NRIs can avoid excess TDS: Trilegal's Himanshu SinhaNRIs face complex tax rules when selling Indian property, often leading to excess tax deductions. Obtaining a Lower TDS certificate can pre...
NRI sells his Bangalore property for Rs 2.63 crore, declares Rs 16.33 lakh LTCG, gets tax notice; he fights and wins partial relief from ITAT for this reasonSold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as ex...
Navi eyes Rs 3,000-crore IPO; inside IT CEOs’ paySachin Bansal’s Navi is preparing to return to the public markets by the March quarter of FY27. This and more in today’s ETtech Morning Dis...
Do I need to convert my leasehold DDA flat to freehold to sell it?ET Wealth Reader's Query: I have a DDA flat since 2008, which is leasehold. I now want to sell it. Is it mandatory to convert it to freehol...
Gurgaon: New York-based man's plot sold for Rs 10 cr through a fake brother & gift deedA case for fraud was registered in Gurgaon after Manish Kumar and his associates from Punjab were accused of cheating Gaurav Narula, an New...
NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. ...
NRI Investing Guide: Are you legally allowed to buy agricultural land in India?NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roo...
Buying NRI property through PoA? Take these precautionsMany NRIs prefer to sell their properties through a Power of Attorney (PoA) by assigning a person to do the property registration formaliti...
All you need to know about transfer of property to NRI childrenFor starters, any transfer of property to non-resident Indians (NRIs) and persons of Indian origin (PIOs) must comply with the Foreign Exch...
Amid Covid chaos, NRIs rush to buy homes in IndiaWhile NRIs have always invested in the Indian property market, completion delays and consumer activism over the last few years dented their...
NRI landlord needn’t prove ownership to evict tenant, says SCThe court was ruling on a case from Punjab where an NRI returned and wanted to vacate a shop he had rented out as he wanted to start a busi...
NRIs guide to deal with inherited propertyBuying a property in India is a decision that most NRIs can take after weighing the pros and cons of various tax implications.
Benefits NRI gets by buying property in IndiaIt is advisable to either purchase jointly with a family member resident in India, or to give a power of attorney to some family member who...
- Punjab govt changes rules for NRI property sale
Under attack for its failure to protect NRIs properties in the state, the Punjab government is bringing some changes in rules to make the p...