Basic exemption
This query is : Open
09 March 2019
Dear All,
I want to calculate NRI Taxable income which arise in India though sale of property only and having capital gain.
My Query is that is NRI liable for Basic exemption which Rs. 2,50,000/- in this case
please advise me with narration or exemple
I want to calculate NRI Taxable income which arise in India though sale of property only and having capital gain.
My Query is that is NRI liable for Basic exemption which Rs. 2,50,000/- in this case
please advise me with narration or exemple
K Srinivas, CMA CS
(Expert)
09 March 2019
In case of non resident assessees, capital gains cannot be adjusted against basic exemption limit.
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