NRI LTCG tax relief: Clawback applies in year of share sale
Under India's taxation rules, if the new asset acquired for the purpose of claiming capital gains exemption is sold or otherwise converted into money within a period of three years from the date of its acquisition, the exemption earlier availed is required to be reversed.
Under India's taxation rules, if the new asset acquired for the purpose of claiming capital gains exemption is sold or otherwise converted into money within a period of three years from the date of its acquisition, the exemption earlier availed is required to be reversed.
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