LTCG
This query is : Resolved
20 September 2020
If a person is of Indian origin and works in another country for 3 years, he is a non residents for the purpose of IT. now if he sells shares and having LTCG, should he report under schedule 112A or 115AD(1)(iii)?
CA PARTH SHAH
(Expert)
20 September 2020
section 115(1)(iii) is applicable only to the foreign institutional investors. So you have to report capital gains under section 112A only
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