Hello,
I sold a property in India in second half of 2024. This was not given out to rent at any point in time. The gains from the sale were reinvested in another property in first quarter of 2025 in India. For the 2024-25 financial year (1st April to 31st March) in India, there will be no tax liability in India tax returns.
Would there be any tax liable to be paid in US ?
Kindly let me know. Thanks in advance.
@DaveF1006 @MaryK4 @AmyC : Tagging few experts I found on other posts
