Non resident individual income
This query is : Resolved
23 May 2012
non resident individual long term capital gain is arises. basic exemption not provided wich section
24 May 2012
Section 112 of the Income Tax Act deals with taxability of long term capital gain.
Section 112 provides that the unutilised amount of the exemption limit shall be reduced from the LTCG.
This applies only to a RESIDENT.
This benefit is NOT applicable to a non-resident.
Section 112 provides that the unutilised amount of the exemption limit shall be reduced from the LTCG.
This applies only to a RESIDENT.
This benefit is NOT applicable to a non-resident.
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