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Are tax treatment for residents and NRI same?- Property Hotline
Posted
October 27, 2016
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22
October 27, 2016
22
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1:57Now PlayingExpert: Suresh Surana - Founder, RSM Astute Consulting
Question: I’m an NRI, I have some ancestor properties, I’ve been told if I sell the properties and put it in an three year tax free bond, you want be liable for any tax. Is that true?
Answer: Tax treatment remains the same for both residents and NRI. So if the property is within Rs 50 lakhs you can invest in bonds and can claim exemption on that also you can exemption under section 54f.
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