17 March 2021
NRI as per resident status - because he stayed less than 182 days in FY invested in Equity shares and MF - sold in short term buying and selling day by day.. he doesnt have any other income in india.. other than savings account interest that is less than 5,000 inr.
how he should consider taxation he had
debt / foreign fund profit 35,000 equity fund profit 20,000 equity shares profit 90,000
being NRI.. can he exempt his income as it is less than tax exemption limit.
can he first of all consider in tax slab rate. . . of all the above income. . 1-2.5 L as 0% tax 2.5-5 L as 5% tax