Non-resident Indians are one of the major investors in the Indian real estate market. With an expectation of gaining a high return on investment, NRIs invest their hard-earned money to convert it into a lucrative source of income. It is well-known that on selling any kind of property, NRIs are taxed in India based on capital gains. However, you will be amazed to know that you can save tax on capital gains under different sections of the Indian Income Tax Act.
Here’s how you can save on tax levied on your capital gains: