From Livemint
Center-Right Owned by HT Media Ltd.Moved abroad, selling mutual funds to buy a house in India? Know the tax rules
What's behind this
A non‑resident Indian can claim Section 54F relief on long‑term capital gains from selling mutual funds by investing the net sale proceeds in a residential house in India, subject to conditions, according to Livemint. Hindustan Times reports that Finance Minister Nirmala Sitharaman said she will “consider” investor concerns over long‑term capital‑gains tax and “appreciates” the equity market’s concerns, but she stopped short of signalling any immediate tax relief.
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A non-resident Indian can claim Section 54F relief on long-term capital gains from selling mutual funds by investing the net sale proceeds in a residential house in India, subject to conditions.
— Livemint
RSS excerpt
A non-resident Indian can claim Section 54F relief on long-term capital gains from selling mutual funds by investing the net sale proceeds in a residential house in India, subject to conditions.
