Q550. NRIs can also save long term capital gains tax in India . . .

Question: Can a NRI selling Property in India invest in specific bonds and avoid LTCG tax as available to resident Indian? Please clarify Sudhir Muthyala Answer: Yes! non-resident Indians (NRI) can also save on long term capital gains tax by investing in specified bonds such as: NHAI (National Highways Authority of India) RECL (Rural Electrification Corporation Ltd) NHB (National Housing Bank) SIDBI (Small Industries Development Bank of India) NABARD (National Bank for Agriculture and Rural Development) Or by Investing in another property. For more information on this topic, you may wish to see the answer to question number 533, under the title ‘US Citizen investing in NHAI - REC bonds to save long term capital gains in India’.

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