Tax Exemptions For NRIs In India: Real Estate




An NRI is eligible for certain tax exemptions from the income generated from sources in India. Here is a short note on the tax exemptions applicable for an NRI in India.

•    Section 54
Under section 54 of the Income Tax Act NRI can claim tax deductions provided if he invests the long-term capital gain from the sale of a property is used for buying another residential property in India. The amount invested in the new property can be lower or higher than the capital gains.

•    Section 54 F
Tax deduction under section 54 F is applicable on the long-term capital gain from the sale of a property other than a residential one.

•    Section 54 EC
One can use the long-term capital gain from the sale of a property to invest in specific bonds issued by the govt. of India. These bonds can be redeemed after 3 years of purchase to avail the tax benefits.

Melonwood Homes, one of the trusted builders in Kochi Kerala presents a choice of world-class designed premium living spaces, apartments in Kochi, at its flagship project Melonwood Greens. The project, flats in Kochi, boasts of all key factors that a prospective buyer look for in an ideal investment choice.

To Know More Melonwood Homes


Location: Kerala, India

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