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Forum: Money Issues and India Travel Jan 29th, 2012, 08:53
Replies: 12
Views: 4,267
Posted By INDIANPIO
Thanks for your reply. I am pretty sure I would...

Thanks for your reply. I am pretty sure I would not have to pay tax in India, only in US. What about
wealth tax? Would I have to pay any wealth tax in India?
Forum: Money Issues and India Travel Jan 28th, 2012, 07:23
Replies: 12
Views: 4,267
Posted By INDIANPIO
I am still trying to figure out if I have to pay...

I am still trying to figure out if I have to pay tax in India and if Sec 54 applies to me because I want to sell land and buy an apartment. If it does then I don't have pay any taxes in India and...
Forum: Money Issues and India Travel Jan 28th, 2012, 07:17
Replies: 12
Views: 4,267
Posted By INDIANPIO
1) From what I have read according to Sec.54 I...

1) From what I have read according to Sec.54 I think residential land qualifies for a like exchange with residential apartment in India and I shouldn't have to pay any tax.

2)I didn't see anything...
Forum: Money Issues and India Travel Jan 26th, 2012, 11:09
Replies: 12
Views: 4,267
Posted By INDIANPIO
Thank you for your replies. Other than the tax...

Thank you for your replies. Other than the tax paid in India are there any other dedeuctions I could take?
Forum: Money Issues and India Travel Jan 22nd, 2012, 11:37
Replies: 12
Views: 4,267
Posted By INDIANPIO
Capital gains -Selling land in Delhi

Hello,

I am a US Citizen and I bought a piece of Land in Delhi in 1992 when I had a US green card. I want to sell that land and buy a flat in Delhi with the proceeds. I have narrowed down a flat...
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