How Much Capital Gains + Income Tax I have to pay?


non-resident indian , sold flat owned in india.

profits made :
bought flat in 2008 inr 12,50,000 (including agent commission , solicitor fees) &
sold same in june 2010 inr 16,65,000 (including agent commission , solicitor fees)

income details:
in last financial year (2009-2010) accumulated rental income of inr 96,000 renting 1 of other flat) , keep on receiving income in year (2010 - 2011)

received rental income of inr 60,000 inr in fy 2009-2010 flat sold.

question :

1> capital gains tax paying on transaction ?

2> need pay income tax along capital gains tax (considering income in india 96000 inr per annum) ?

answers appreciated.

in advance

note : beside rental income have no other income in india.

i non-resident indian , sold flat owned in india. profits made : bought flat in 2008 inr 12,50,000 (including agent commission , solicitor fees) & sold same in june 2010 inr 16,65,000 (including agent commission , solicitor fees) income details: in last financial...


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