Part 54 (Household Property): NRIs can assert an exemption by reinvesting the gains from a lengthy-expression household property sale into another household property in India.
Also, the NRI should not own multiple house property (In addition to The brand new house), nor should really the NRI purchase or construct any other household house inside of two a long time or 3 yrs.
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I am an NRI and am selling a pre-owned house in Bangalore. My real estate agent is asking me to pay for the GST within the commission volume. Should I shell out the GST of 18% to him?
The buyer need to deposit the deducted TDS volume Using the Income Tax Division by way of e-challan because of the seventh working day of the next month, on which the payment was made towards the seller.
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Can the sale proceeds in the immovable property purchased when currently being a Resident be remitted abroad by NRI?
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