Answers
I am Non Resident Indian. if I sell a flat that I own in India, Will I be subject to capital gains tax?
Answer by: VISHAL BANSAL
Yes. You will be liable for capital gains tax in India if you sale of your flat. The purchaser is liable to deduct tds on capital gain arises on sale of flat. The rate of tax deduction for a long term asset would be 20% while taxes at slab rates would be deducted at source if the asset is a short term asset.
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