| Author | Message | ||
     Rbreddy Junior Artist Username: Rbreddy Post Number: 204 Registered: 02-2008 Posted From: 101.119.27.124 Rating: N/A |
---------------------------------------------------- Wellsfargo ----------------------------------------------------- I am selling the house in India. So, I was talking about capital gains tax in India. I don't know much about capital gains tax in India. You are right. Based on indexed cost of acquisition I don't have to pay capital gains tax in India. Thanks for the info. | ||
| Wellsfargo Junior Artist Username: Wellsfargo Post Number: 452 Registered: 06-2012 Posted From: 122.169.128.96 Rating: N/A |
Boss, Nuvvu India lo taxes gurinchi matladuthunnava US lo taxes gurinchi matladuthunnava. US lo aithe, nuvvu emi choopinchina konna vaadiki loan issue emi ledu. India lo aithe you can use the concept of cost of living index to escape taxes. If you purchased home in 2007-2008 financial year, and sold your home this year you need to multiply the cost price by 1.69. In your case, the cost will be 76 lakhs and hence you have actually made loss on your property. So you are okay. | ||
| Rbreddy Junior Artist Username: Rbreddy Post Number: 203 Registered: 02-2008 Posted From: 202.81.18.27 Rating: N/A |
I found this interesting Link. Hope this is useful for some of you. http://nriinformation.com/faq3/ | ||
| Rbreddy Junior Artist Username: Rbreddy Post Number: 202 Registered: 02-2008 Posted From: 202.81.18.27 Rating: N/A |
Has anyone (NRI) sold a property in India? | ||
| Rbreddy Junior Artist Username: Rbreddy Post Number: 201 Registered: 02-2008 Posted From: 202.81.18.27 Rating: N/A |
------------------------------------------------------------ --------------------- Last_Avatar Big amout kada, Tax xonsultant correct ga chebutadu, and that too it is foreign investment ------------------------------------------------------------ --------------------- Thanks | ||
| Last_avataar Comedian Username: Last_avataar Post Number: 1637 Registered: 09-2012 Posted From: 12.10.219.228 Rating: N/A |
Big amout kada, Tax xonsultant correct ga chebutadu, and that too it is foreign investment | ||
| Rbreddy Junior Artist Username: Rbreddy Post Number: 200 Registered: 02-2008 Posted From: 202.81.18.27 Rating: N/A |
------------------------------------------------------------ --------------------- long term Capital loss chubiste every year $3000 non-taxable ga cut chetsaru, till that loss cover up ------------------------------------------------------------ --------------------- I didnt understand this boss. How can I show that I made a loss? | ||
| Rbreddy Junior Artist Username: Rbreddy Post Number: 199 Registered: 02-2008 Posted From: 202.81.18.27 Rating: N/A |
------------------------------------------------------------ ------------------ 32 laks interest is deductible kada... malli enduku deduct chestharu? you cant deduct twice. Try to see if a corp has better protection against your loss, in this scenario. ------------------------------------------------------------ ------------------- Meeru cheppindi artham kaaledu. Please explain clearly. Thanks. | ||
| Last_avataar Comedian Username: Last_avataar Post Number: 1636 Registered: 09-2012 Posted From: 12.10.219.228 Rating: N/A |
long term Capital loss chubiste every year $3000 non-taxable ga cut chetsaru, till that loss cover up | ||
| Thokkalohdi Comedian Username: Thokkalohdi Post Number: 1519 Registered: 01-2008 Posted From: 24.6.204.178 Rating: N/A |
within 2 years aythey.. no tax for upto 250000 per Individual in household. (so wife+hubby is 500K). 6yrs back house aythey qualify avuthundo ledo teliyadu. 32 laks interest is deductible kada... malli enduku deduct chestharu? you cant deduct twice. Try to see if a corp has better protection against your loss, in this scenario. Ranbir Kapoor is god of acting | ||
| Rbreddy Junior Artist Username: Rbreddy Post Number: 198 Registered: 02-2008 Posted From: 101.119.26.180 Rating: N/A |
Hi friends, I bought a house in Hyderabad 6 years ago for 45 lakhs. Now I am selling the house for 65 Lakhs. Do I need to capital gains tax? In fact I have lost money on this house. Because in the last 6 years I have paid around 32 lakhs interest. Is there a way I can show that I have sold the house for lesser amount? If I declare that the selling price is 50 lakhs will there be any problem for the buyer when he applies for a loan? If any NRI sold a house in India please advise if there is a way to reduce capital gain tax. Thanks. |
