Can an NRI get Capital Gains Tax benefit on sale of Ancestral Property?
Can he invest in Capital Gains Saving schemes to save tax?
Thanks in anticipation of a response.
Audry Fernandes (nil) 22 November 2010
Can an NRI get Capital Gains Tax benefit on sale of Ancestral Property?
Can he invest in Capital Gains Saving schemes to save tax?
Thanks in anticipation of a response.
A V Vishal (Advocate) 22 November 2010
Yes, he can claim exemption, however, in absence of complete details it is difficult to advise. You can consult a local CA who can guide you properly.
shammi kumar (tax consultant) 23 November 2010
yes. he can take exemption.................. all sec of exemtion under sec 54 .A, B, D, F EC etc for individual and NRI include it.........................................................
shammi kumar gaind
advocate
Audry Fernandes (nil) 24 November 2010
Thank you. We are trying to sell some ancestral property and one person in the group is working abroad.
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