Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
NRI cannot claim LTCG indexation benefit while selling property in India
Update / Judgement Date
14 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Non-Resident Indians (NRIs) cannot claim long-term capital gains (LTCG) indexation benefits when selling property in India. The clarification addresses regulatory changes and tax implications for NRIs, impacting their investment decisions and tax planning strategies. The update emphasizes the need for NRIs to understand the tax consequences of property transactions.