
Capital Gain Tax on Compulsory Acquisition
Problem Our client had a plot of land (non-agricultural) situated near a busy junction (Sreekaryam) in Thiruvananthapuram. Kerala State Government decided to construct an overbridge

Problem Our client had a plot of land (non-agricultural) situated near a busy junction (Sreekaryam) in Thiruvananthapuram. Kerala State Government decided to construct an overbridge

Non-residents who are selling immovable property which is situated in India have to pay tax on the Capital Gains. The tax that is payable on the gains depends on whether it is a short term or a long term capital gains.