Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Home sale tax: What returnees must know
Mint New Delhi
|March 04, 2025
I've worked outside India for 12 years but I will be relocating back to India in April for better opportunity at an MNC.
In India, I have one residential property from 2010 which I will sell and instead purchase a bigger one. Approximately how much tax will be there on the sale so that I can plan budget for a new property?
-Name withheld on request
Since you will be permanently returning to India in April, your stay in the country during financial year 2025-26 will exceed 182 days. Consequently, you will be classified as a resident under the Income Tax Act, 1961. If you were a non-resident in at least nine out of the last 10 financial years or if your total stay in India during the past seven financial years was less than 730 days, you would be considered a 'not ordinary resident' for FY26.
This story is from the March 04, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
The words we aren't using
Listen. That's all I did one afternoon at the Museum of Art and Photography in Bengaluru last week.
1 mins
November 29, 2025
Mint New Delhi
Former DBS CEO is Temasek India's new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-exec role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said. He will join on 1 December.
1 mins
November 29, 2025
Mint New Delhi
Apple's 5th India store to open in Noida soon
Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.
1 min
November 29, 2025
Mint New Delhi
120 ways of cooking your vegetables
Restaurateur Camellia Panjabi's new cookbook is a deep dive into the country’s vast and varied vegetarian cuisine
4 mins
November 29, 2025
Mint New Delhi
Tiramisu is trending and nobody is complaining
Tiramisu, tiramisu latte, rasgulla tiramisu, masala chai tiramisu, tiramisu tres leches—it seems like almost every café or restaurant across the country has some version of the Italian dessert on its menu.
4 mins
November 29, 2025
Mint New Delhi
Former DBS CEO is Temasek India’s new non-exec chair
Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.
1 mins
November 29, 2025
Mint New Delhi
Everything that’s wrong with India’s development story
This new book inquires into the conditions under which India has tried to develop in the past 75-plus years
4 mins
November 29, 2025
Mint New Delhi
Two women navigate love and politics in Mumbai
This novel's charm lies less in plot twists and more in the lived-in world of the millennial women it depicts accurately
3 mins
November 29, 2025
Mint New Delhi
Art Deco feels in Indian fashion
The 100-year-old style has inspired design worldwide. Why doesn't it have a big presence in Indian fashion?
4 mins
November 29, 2025
Mint New Delhi
India hopes to seal US reciprocal tariff pact by end of Dec
India is looking to finalize a framework agreement on reciprocal tariffs with the US by the end of this year, said commerce secretary Rajesh Agrawal, marking a significant step toward resolving the strained bilateral trade between the two countries.
1 mins
November 29, 2025
Listen
Translate
Change font size