NRI CG deduction u/s 54 and U/s54F

Harsh Baradia 1
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Happy days sirji,

Sirji, i had a doubt that, an NRI having an House property/Land in India, and it has been sold in india and amount recived in India has been invested In New House Property in London, my doubt is that whether an NRI can claim deduction U/s 54 and U/s 54F of Income tax under Capital Gain.

purchase-abroad sale-in-india non-resident-indian section-54f section-54
1 Answers

Both section 54 and 54F are silent on location of new residential property, so one may buy property outside India too.

But if IT department sends notice for same, then it may be fought legally in court.

Pankaj Batra5212
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