basic exemption limit for non resident
This query is : Resolved
29 June 2010
what is the basic exemption limit for following non resident indian?
1.non resident woman
2.non resident senior citizen
also give some referance for your answer
i.e. source from where answer can be derived.
1.non resident woman
2.non resident senior citizen
also give some referance for your answer
i.e. source from where answer can be derived.
Aditya Maheshwari
(Expert)
29 June 2010
For all non residents whether female or senior citizen is Rs. 160,000/- only.
The same can be verified from Finance Act.
The same can be verified from Finance Act.
Aditya Maheshwari
(Expert)
29 June 2010
Read the part III to first schedule of the finance act.
Shudhanshu Agrawal
(Expert)
29 June 2010
As per Section 4 basis of charge for applicability of slabs relevant Finance Act is considered.
When we check the Finance Act it gives three slabs Resident woman, Resident Senior Citizen and other than Resident woman and Senior Citizen. Due to this all the non residend whether male, female or senior citizen fall under 3 category and hence slab of male is apply to them.
When we check the Finance Act it gives three slabs Resident woman, Resident Senior Citizen and other than Resident woman and Senior Citizen. Due to this all the non residend whether male, female or senior citizen fall under 3 category and hence slab of male is apply to them.
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