I was allotted a plot in March 2004 at Rs 900000. In case I sell it at Rs 20000000 and invest tha amount in buying a house in USA, what will be the capital gain tax asked Apr 23 '11 at 00:42 by pathakromesh 1●1●1●1 |
If you invest the amount in USA, there won't be any tax exemption available for capital gains. And you will have to pay 20% income tax on capital gain (after indexation). answered Apr 26 '11 at 06:33 by Pankaj Batra 5.2k●3●20 |