ITAT Bengaluru allows builder payments, permanent renovations as capital costs for NRIs. Here’s what you need to know

Rajiv Mehta, an NRI living abroad, owns a flat in India that he plans to sell in the future. The apartment was bought in an unfinished condition, requiring additional payments to the builder over time to complete the unit. A few years later, Mehta also incurred renovation expenses to make the flat fully liveable. Income […]