Is LTCG on property sale included in total income for surcharge calculation?
This query is : Resolved
Quick Summary
Sunil Bali
(Querist)
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?
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?
05 May 2024
Surcharge applicable...
08 September 2024
Good Luck.
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