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
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