Hello sir,thank you so much for your comments.However,I just try to share whatever little knowledge I have.I would appreciate if someone can add,or even contradict my opinion if required.This will enhance my knowledge on income tax.You already know that interest on NRO account is taxable.Other than this,I am not aware of any other tax implication that you may face,by just putting the sale proceeds of your land in NRO account.As the plot has been purchased only last year,sale thereof will give rise to short term capital gain and it would be taxed as such.There should be no difference if you deposit the proceeds in your NRO account. I would request all not to put my or anyone slse's name in the subject or the question.This is an open forum and anyone can answer the questions or post comments.
