Audry Fernandes (nil) 22 November 2010

Capita Gains Tax

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.

Reply Follow

3 Replies

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.

1 Like

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

1 Like

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.