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InterviewSolution
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If A Nri Buys Property In India, Does He Has To Pay Property Tax? |
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Answer» Any income or CAPITAL gain that the NRI generates from the sale/ rent or lease of a valued property or an asset based in INDIA will be taxed as per the Income Tax rules. f the property is more than 3 years old, LONG term capital gains tax will be incurred on the sale of the property. On long term capital gains, tax is PAYABLE at 20%. Any income or capital gain that the NRI generates from the sale/ rent or lease of a valued property or an asset based in India will be taxed as per the Income Tax rules. f the property is more than 3 years old, long term capital gains tax will be incurred on the sale of the property. On long term capital gains, tax is payable at 20%. |
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