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- Also, for the purposes of determining long-term / short-term capital gain, what is " date of purchase" a) date of possession? b) date when booking was done?CommentQuote0Flag
- Return on those bonds are zilch. IRS will get to know if you’re going to transfer the money to the US at some point. If you keep your money in India and don’t declare yourself as NRI then no TDS but I would always prefer to be honest and keep things simple. If you bought your property on a construction linked plan then capital gain will be computed with respect to the dates of the individual demand letters. Obviously, not the date of booking - that would be great for the seller though!CommentQuote0Flag
- Buyer of an NRI sold property experience:-
A1 - HINT - chor wahi jo pakda jaaye. The bank does not see passport, so i guess this hardship can be avoided by not showing your NRI status.
A2 - 20.66 % on LT and 33% on ST
A3 - On complete property transaction and not the gain. Indian govt doesn't trust NRIs.
Rest answers dont know.CommentQuote0Flag