Overseas Citizenship of India (OCI) holders, often individuals of Indian origin residing abroad, enjoy several privileges in India, including purchasing and selling real estate. However, these transactions are governed by specific legal and regulatory frameworks to ensure compliance with Indian laws. This blog delves into the nuances of buying and selling property in India as an OCI holder and highlights...
When you sell a property in India, the profit you make is classified as either short-term capital gain (STCG) or long-term capital gain (LTCG), depending on the holding period of the property. The tax treatment of these gains is significantly influenced by whether the sale happens under the new tax regime, which was introduced in the Union Budget 2024. Let's break this down with examples to help you...
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