I am an NRI, want to sell ancestral property in India. Income tax rule explained | Mint - Mint
7/3/2022 12:00:00 AM3 years 8 months ago
by Balwant Jain
by Balwant Jain
Whether you are an NRI or an Indian resident, the tax provisions for sale of inherited property are the same. Since the property was acquired in 1961, any profit made on sale of it will be taxed as long term capital gains
Whether you are an NRI or an Indian resident, the tax provisions for sale of inherited property are the same. Since the property was acquired in 1961, any profit made on sale of it will be taxed as l… [+1651 chars]
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