Section 54 (Household Property): NRIs can declare an exemption by reinvesting the gains from a long-phrase household property sale into another residential property in India.

Also, the NRI shouldn't possess more than one house property (In addition to The brand new house), nor should really the NRI purchase or assemble any other household house in just two yrs or a few decades. 

Which means that NAB is your item supplier and references to 'we', 'us', or 'our' in relation to Citi branded services are typically references to NAB Except if the context needs otherwise.

TDS and TCS are crucial mechanisms beneath the Indian tax process for early tax selection. TDS includes payers deducting tax on payments like lease and income, while TCS requires sellers to collect tax on unique products, including minerals and abroad travel packages.

Pick your provider or use our suggestions— get discounted transport labels on eBay, or prepare a local pickup specifically with the client.

The Agreement for Sale formalizes the transaction and is usually registered with community authorities. It serves as a lawfully binding motivation and is often employed by the buyer to initiate the home mortgage approach.

Yes, you will be able to share knowledge making use of Open Banking from any NAB account when it's opened. For additional information, see

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Selecting expert pros and employing readily available tax exemptions can maximize monetary Positive aspects and lower hassles.

Pro tip: Unless of course you’re in the finance market, only use financial statements as background information. I don’t advise specifically referencing them to purchasers.

In the case of residential property, the repatriation of sale proceeds is limited not to much more than two these properties.

For this reason, it’s crucial to talk to considerate concerns during your discussions — and a lot of them.

When communicating with amiable individuals, hear attentively and communicate calmly and kindly. They worth cooperation and attempt to search out typical floor of their interactions.

Furthermore, recognition of TCS makes certain that tax paid on superior-value purchases or international transactions isn’t missed when claiming tax credits.Getting acquainted with both also will help stop mismatches in Form 26AS, minimizes the chance of obtaining tax Section notices, and contributes to smoother, extra correct income tax return submitting.