Income tax for nri
This query is : Resolved
24 July 2012
Dear sir
Please tell me when I compute the only LTCG income for an NRI then the computax software does not claim the deduction of Rs. 180000/-.
But when I put the salary income alongwith in the software then it will take the exemption of Rs. 180000/-. Would you please tell me what is the real treatment?
Whether to take exemption of 180000/- from the LTCG before calculating tax or not?
Please tell me when I compute the only LTCG income for an NRI then the computax software does not claim the deduction of Rs. 180000/-.
But when I put the salary income alongwith in the software then it will take the exemption of Rs. 180000/-. Would you please tell me what is the real treatment?
Whether to take exemption of 180000/- from the LTCG before calculating tax or not?
24 July 2012
On Long term capital gain income,there is no slab apply for tax rates. it is flat rate of 20% apply fully.so software not calculating the slab rates
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
