Nri tax calculation
This query is : Resolved
01 November 2013
If NRI has Rs.150000 as ordinary income & Rs.100000 as Capital Gain then what is the tax liability of said NRI ?
02 November 2013
Assuming that the person is less than 60 years and that capital gains is taxable at 20%, the tax payable shall be Rs 20,000 + 600 (edu cess)
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