regarding filing of it return by an NRI.......urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 August 2010 one of my client is NRI and is trader in stock markets .whether he is liable for tax if profit is earned and @ what rate .please brief me important sections which are applicable for this .

visu iyer

visu iyer (Expert)
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04 August 2010 Income earned in India is taxable.. !!
at the applicable rate.. (no concession for NRI on the rate; but the provisions available for the Income earned)

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