The benefit of indexation for computing long-term capital gains, arising on or after 23 July 2024, has been removed for all taxpayers except under one circumstance.

The continuous inflow of NRI remittances has enabled the residents to build schools, colleges, health centres, dams, temples, and lakes in the village.

Non-resident Indians need to disclose only the details of assets located in India, along with corresponding liabilities. And, under the India-Germany DTAA, India has the source taxation rights for taxing capital gains derived from sale of Indian shares.