Double Taxation Avoidance Agreement With Canada

(c) if the person has his habitual residence in both territories or in either of them, the competent authorities of the territories shall decide by mutual agreement on the matter. (i) in respect of withholding tax on sums paid or credited to non-residents on or after the first day of January of the calendar year following the calendar year containing the date of subsequent notification; and (a) to take administrative measures contrary to the laws and administrative practices of that territory or the other; Click here to read that Mint ePaperMint is now on Telegram. Join the mint channel in your telegram and stay up to date with the latest business news. If the capital gains are realized until the due date of filing the Indian tax return (31 If you do not stay invested, you can deposit the amount of the capital gains into a capital gains account system (no later than the due date of filing your Indian tax return) and then withdraw that amount to reinvest in a new dwelling house within the defined period (two or three years). this may be the case). If the entire amount is not reinvested or paid into the plan, the remaining portion of the capital gains is taxable. Under the Exchange Control Act, non-resident Indians (as defined by the Exchange Control Act) may transfer up to US$1 million of the proceeds from the sale of real estate in India from their non-established (ordinary) account or account against the presentation of proof of acquisition accompanied by a chartered accountant`s certificate in the prescribed format. . . .

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