Taxability of capital gains in case of NRI
This query is : Resolved
21 December 2010
In case of NRI,there is a short term capital gain on sale of domestic cos. of Rs. 110800/-, which is below basic exemption limit.
Will this gain be taxable in the hands of NRI or benefit of basic exemption limit is available in case of short term capital gains?
Will this gain be taxable in the hands of NRI or benefit of basic exemption limit is available in case of short term capital gains?
21 December 2010
Exemption is not available to NRI in this case.
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