When a capital asset located in India is sold by a non-resident to another nonresident at a place outside India, the capital gain is taxable in?
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As per Section 5, tax on gain would not be chargeable to tax in India as transfer happens outside India. However, as per Section 9 as the property is situated in India, the gain is deemed to arise in India.
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Taxation of Capital Gains earned by Non-residents.
1. Taxability in India of capital gains earned by Non-residents.
12. Deductibility of tax at source from
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