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NRI invested in Equity shares and MF

This query is : Resolved 

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

thanks in advance for the quick response.





24 September 2021 Total income being less then exemption limit, no need to file return, unless any refund claim.


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