Gains from selling foreign property are taxed in India; claim FTC via Form 67 and report in Schedule FA; comply with RBI rules.
This infographic covers taxation for Indian residents selling foreign property. Capital gains are taxed in India—long-term at 20% with indexation, short-term at slab rates. Claim FTC for foreign taxes by filing Form 67. Sale proceeds must comply with RBI’s LRS; repatriation over $1 million/year needs RBI approval. Non-disclosure in Schedule FA can result in a ₹10 lakh penalty and prosecution.