If property is sold after 23.07.2024, NRI can opt for taxation at 12.5% (without indexation benefit) or 20% (with indexation benefit).
🔍 Points to Consider:
1️⃣ If the property is held for more than 24 months, then Long-Term Capital Gain (LTCG) shall be calculated; otherwise, Short-Term Capital Gain (STCG) shall be calculated.
2️⃣ 📝 Form 27Q is required to be submitted by the buyer on deduction & deposit of TDS.
3️⃣ 🆔 The buyer is required to obtain a TAN to file Form 27Q.
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