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In a latest story on taxation norms governing the inheritance of properties by NRIs, Times Property has quoted Mr. Ankit Kansal, Founder & MD, 360 Realtors on the various aspects of applicable tax provisions. Elaborating on the rules, Mr. Kansal has highlighted that no tax will be levied on property kept vacant & used by NRIs during their stay in India. However, during the course of ownership, if the property is rented, stipulated taxes will be applied as per provisions.
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