What are the tax implications for NRIs selling property in India and investing in cryptocurrencies?

3 answers

• Shridhar PandeyMay 06, 2023 · 3 years ago
  When selling property in India as an NRI, you may be subject to capital gains tax. The tax rate depends on the duration of property ownership and the type of property. Additionally, if you invest in cryptocurrencies, you should be aware that the tax treatment may vary depending on the country you reside in. It's important to consult with a tax professional to understand the specific tax implications for your situation.
  422

  211
• Christoph ReckingerSep 14, 2020 · 5 years ago
  Selling property in India as an NRI can have tax implications. Capital gains tax may apply, and the rate can vary based on factors such as the duration of property ownership. If you decide to invest in cryptocurrencies, it's crucial to consider the tax regulations in your country of residence. Seek advice from a tax expert to ensure compliance and understand the potential tax implications.
  392

  131
• Alford MogensenDec 19, 2023 · 2 years ago
  As an NRI, selling property in India may trigger capital gains tax. The tax rate depends on factors like the duration of property ownership. When it comes to investing in cryptocurrencies, tax implications can vary based on your country of residence. It's advisable to consult with a tax professional who can provide guidance on the specific tax rules and implications for NRIs selling property and investing in cryptocurrencies.
  429

  108