Does a non-resident have to pay tax on sale of property in India?
As a non-resident, you are required to pay tax on the sale of the ancestral property in Mumbai, similar to a resident.
I am a Canadian citizen. My parents had purchased a property in Mumbai in 2000, and following their demise, the property is now jointly owned by my brother, a resident of Mumbai, and me. We are now planning to sell the property. Do I have to pay tax on the sale, and, if so, how much will be the tax?
—Name withheld on request