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Nri taxation

This query is : Resolved 

Dear Sir

May I know if an NRI can avail the 80 c deductions if his major income is LTCG from sale of shares in a recognized stock exchange in India

Thanks

Raju







NRI can avail the 80 c deductions


Dear sir
Thanks for the reply . But I have read in IT messages that if an NRI has only capital gain income , he cannot set off
or reduce his GTI with the 80 c deduction . This virtually means that NRI cannot obtain the 80 c deduction if he has only the capital gain income . Kindly advice if there are exceptions to this rule

Thanks


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