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Mahesh Natarajan
If a relative of mine in India transfers a substantial amount to my NRO account in India, are there any taxation attached to it?
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You or anyone else can transfer funds from normal SB to NRO account, Its not taxable in India
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Ashish Bansal
Sir,
I want to ask about my calculations of long term capital Gain tax...
I purchased a house on 15 /12/1996 of Rs. 1,30,000. Afterthat, I made a construction of Rs. 50000 in 2003-2004 financial year. Afterthat, once again i made a construction of Rs. 3,72,508 In 2016-2017 financial year. Then again I finished as painting of my house of Rs. 64,295 in 2017-2018 financial year. Then I registered the house in my favour In 2015-16 F.Y. costs Rs. 56,120. Now, I sold my this registered property Of Rs. 10,43,800 on 04/04/2018.. Now please tell me the complete calculation of This long term capital Gain.. and it's tax, which I have to be paid in Next year ITR filling... thankyou so much in Advance . Please solve this issue ASAP .
I guess you have to book a paid service with Finaco to get the answer
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Kate
Hello, I would like to know if my long term capital gain from sale of residential property is invested in bank fixed deposit, will I be exempted from paying tax.
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Rajesh
I’m Raj and my wife Geetha we both are staying in Oman for last 13 years, we both have Individual NRE accounts in SBI, we are planning to return to India permanently by Jan 2019,
We both have few fixed deposit in our Individual NRE accounts with SBI.
After returning to India, we both are planning to change the NRE account to Normal ROR account.
Now after returning India will the fixed deposit in each account will be treated as separate and the TDS and Tax will be detected separate
In other words will husband get 2.5 lakhs tax exemption and wife will get 2.5 lakhs tax exemption from the above ROR accounts?
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Rajesh
Fixed deposit in each account will be treated as separate after converting from NRE to ROR
