Nri income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2012
Can someone provide more insight on how capital gain is treated for NRIs from taxation perspective. How much tax NRI need to pay on STCG & LTCG if STT is paid?
01 February 2012
he benefit of concessional tax treatment under chapter XIIA continues even after NRI becomes a resident. However he has to file a declaration in writing to the assessing officer along with the return of income u/s. 139. The option having been once exercised is irrevocable, and the provisions of the Chapter will continue to apply till the transfer or conversion into money of the said assets. It is pertinent to note that the benefits are not available for long-term capital gain after the non-resident Indian becomes a resident.
read the link:
http://www.nritaxservices.com/tax_cptl.htm
http://www.dspblackrock.com/investor-centre/nri/taxation-and-related-queries.aspx
read the link:
http://www.nritaxservices.com/tax_cptl.htm
http://www.dspblackrock.com/investor-centre/nri/taxation-and-related-queries.aspx
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Multiple trade mark
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Copyright software
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Transporter Declaration form
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
