Capital gain on sale of a house situated in Pune (sale consideration is received in Nepal) will be
A. Exempt income
B. Taxable in the hands of ROR only
C. Taxable in the hands of ROR and NOR only
D. Taxable in the hands of ROR, NOR and NR.
Answer:D
Capital gain on sale of a house situated in Pune (sale consideration is received in Nepal) will be
A. Exempt income B. Taxable in the hands of ROR only C. Taxable in the hands of ROR and NOR only D. Taxable in the hands of ROR, NOR and NR.