Can nri get the benefit of basic exemption limit ?


This query is : Resolved 

(Querist)
18 January 2014 Assessee having a residential status as NRI. Computation of his income reflects interest income & Long term capital gain on sale of shares. Can Income from long term capital gain reduced by the basic exemption limit of Rs 200000/- or not

@VaibhavJ (Expert)
18 January 2014 Hi Ankita,

He can not claim an exemption:

Thanks

@VaibhavJ (Expert)
18 January 2014
Refer: https://articles.economictimes.indiatimes.com/2013-02-22/news/37243005_1_capital-gains-nri-plans-huf


Thanks


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details