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NRI selling Real Estate - Time Frame


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Old Apr 12th, 2009, 00:14   #1
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NRI selling Real Estate - Time Frame

Hey
NRI - Is there a time frame as to how many years one must keep the property (Apartment) before selling it?

Also, if no other property is purchased from the money received after the sale of the apartment are we taxable on the whole amount or or the profit we have made.

And what percent of taxes. Do we declare it in both countries?

Appreciate your suggestions please
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