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

Comments

Post a Comment

Popular posts from this blog

Decorate your Home with these Budget-Friendly Ideas

Image
Transforming a home is easy with few thoughtful interior designing works. But many consider this as a costly affair and thus ignore it due to budget constraints. With the help of some creativity and cost-effective ideas, it is possible to convert your home into one that matches your dreams. Here are a few cost-effective ideas to decorate your home: 1.    Cane furniture A classy yet elegant choice of furniture piece, cane furniture is a budget-friendly alternative for those expensive leather or wooden furniture. You can also use traditional cane pieces to decorate lawns, sit-out areas or balconies for a unique look. 2.    Curtains Using curtains will help add a look of grandeur and make sure that you choose ones that go in sync with the wall colours and furniture shades. Play with colours, patterns and fabrics in order to add a different appeal to your rooms and being an economic option, you can get the best ones with ease. 3.    Green...
Read more

Make the most out of real estate investment easily

Image
Real estate investment in residential properties assure effective returns and it is highly regarded as a wealth maximizing opportunity. For a successful investment flats, apartments and residential projects, it is vital to consider certain parameters like connectivity, proximity to social infrastructure, etc. Here are a few guidelines to help make the most out of real estate investment: 1.    Learn more about the property cycle to identify the entry point in real estate sector correctly. 2.    Understand in depth about the government issues leasehold titles. 3.    Ensure the quality of development to assure that you gain healthy returns and also to refrain from bad investment options laid forward by depressed market. 4.    An investor must be aware of the gain in capital and stamp duty amount to be paid. 5.    Verify development plans and statutory approvals and do a close scrutiny throughout the investmen...
Read more

Easy ways to keep your home fragrant

It’s not just about the visual appeal but a home should always smell good to be welcoming. Along with the cleanliness and hygiene part of homes, a good fragrance should linger inside to set the right ambience. Here are a few easy steps to turn your home into fragrant and welcoming space: 1                 Diffusers One of the easiest methods to add aroma to your home is by using diffusers. Add water and a few drops of your favourite essential oil to it. Switch it on and set a relaxing atmosphere to unwind yourself after a long tiring day.         Scented candles Scented candles create a soothing ambience along with its sweet fragrance. They are long-lasting and the scent spreads well if placed thoughtfully at corners or near the windows. A much more cost effective method is to use incense sticks. 3      Potpourri Make a DIY potpourri at home with your family by combining some dri...
Read more