India, Nov. 2 -- When selling property in India, the tax implications extend beyond Indian borders. While India taxes the capital gains from the sale, NRIs must also consider how these gains are treated in their country of residence, particularly in the United States, the United Kingdom, and Singapore, which have different rules on foreign income and double taxation relief

Pradeep Seth, 38, an NRI living in the US, sold a property in India for Rs.1 crore that he had purchased in 2012 for Rs.20 lakh. Treated as a long-term capital asset, its indexed cost of acquisition was Rs.36.3 lakh. This led to a long-term capital gain of Rs.63.7 lakh. The applicable capital gains tax in India, computed at 20% plus 4% cess, amounted to about Rs.13.25 ...