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Property Bought as Indian National now selling as Foreign National Property Bought as Indian National now selling as Foreign National

1 year ago

bought a property in Mumbai 12 years back as an Indian national, I am now living abroad and am Australian Citizen. If i sell the property now what percentage of tax will be applied? \n\nIs the Tax applicable only to Capital Gains minus inflation or full property value? Will take OCI card help in anyway selling the property or reducing Tax?

Anik

Responded 1 year ago

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A.Dear Client
It would be better for you to consult with Chartered Accountant for tax Consultantation.
Hope it helps
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Kishan Dutt Kalaskar

Responded 1 year ago

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A.Dear Sir,
u may contact Chartered Accountant or Auditor as your question involves financial matter linked with Income Tax matter.
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