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Is LTCG on property sale included in total income for surcharge calculation?

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Sunil Bali (Querist)
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31 March 2024 Hello.

If a NRI has less than 10 lacs of income per annum in India but decides to sell his/her property with LTCG of more than 50 Lacs, how would he/she be taxed?

Would the income exceed the 50 lacs surcharge threshold in this case or LTCG would be separately taxed at 20% without including in the total income?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 May 2024 Surcharge applicable...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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08 September 2024 Good Luck.

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