NRI selling property in India after 18 years

Last activity 14 January 2019 by aasheesh

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Lancy M2017Member14 January 2019 06:39:14

I wanted to know if LTCG exemption is still allowed even if the builder of the new residential construction fails to hand over the property to the taxpayer within 8 years of purchase.

aasheeshActive member14 January 2019 07:00:17

Escape window 2: LTCG on these instruments realised after 31.3.2018 by an individual will remain tax exempt up to Rs 1 lakh per annum i.e. the new LTCG tax of 10% would be levied only on LTCG of an individual exceeding Rs 1 lakh in one fiscal.

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