Taxability of Non Resident

This query is : Resolved

Santhosh Poojary (Querist)
Follow

02 December 2010 Dear All,

A Non-Resident having Term Deposit in Nationalised bank. Amount brought in foreign currency.

and he has other income of Short Term Capital Gain (U/s.111A - 15%)..

TDS deducted on STCG at 15% under saction 195.

I have two issues:

1. Whether interest earned on FD are taxable to non resident?

2. Can STCG income(Special Rate Income) can be shifted to Basic Exemption limit of Rs.160000/- in case of NR also?

Reply with relevent saction or other things..

Thanx

Santhosh Poojary

Santhosh Poojary (Querist)
Follow

03 December 2010 Dear all Experts,

Awaiting for Reply

Message likes : 1 times

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

04 August 2012 1. Any income earned in India is taxable. Accordingly interest earned from fixed deposits in India is taxable.

2. The benefit of slab rate u/s 111A is available only to a resident. It is NOT available to a non resident.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rahul Kulkarni

suresh kotte

Shashank S Gore

chandradhass sathish

THOMAS JOHN

Subscribe Now

Taxability of Non Resident

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA