Nri taxation
This query is : Resolved
Amit Singh
(Querist)
24 January 2012
Dear Sir,
If NRI opts for taxing his/her income as per DTAA Rates between India & Japan which is 10 % than my question is whether he/she will get the benefit of basic exemption limit & House Property Loss to be set off.
Please Reply..
Regards
If NRI opts for taxing his/her income as per DTAA Rates between India & Japan which is 10 % than my question is whether he/she will get the benefit of basic exemption limit & House Property Loss to be set off.
Please Reply..
Regards
CA. Anuj Gupta
(Expert)
25 January 2012
Concept of basic exemption is not present in DTAA's and hence once you decide to go in for DTAA rate, then there should be no basic exemption.
Anuj
Anuj
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