TDS rate for nri
This query is : Resolved
20 October 2007
plz can anyone tell me short term capital gain on equity shares.for nri's in detail..........
20 October 2007
NRI TAXATION OF SHORT TERM CAPITAL GAINS IS AS FOLLOES:
1. Short - term Capital Gains on listed Equity shares
where Securities Transaction Tax(stt) is paid
Rate of T.D.S. 11.33%
Rate of INCOME Tax 11.33%
2.if no stt is paid or if not listed
tds is 33.99%
rate of tax is also 33.99%maximum and
Such income is to be clubbed with all other income and tax will be charged as per prescribed rate given below :
Upto Rs. 1,10,000 Nil
Between Rs. 1,10,000 -
Rs. 1,50,000 10% of income in excess of Rs. 1,10,000
Between Rs. 1,50,000 –
Rs. 2,50,000 - 4,000 + 20% of income in excess of Rs. 1,50,000
Above Rs.2,50,000-Rs 10,00,000 24,000 + 30% of income in excess of Rs. 2,50,000
Above Rs 10,00,000 Rs.2,49,000 +'30% of (total Income minus Rs. 2,50,000
SURCHARGE OF 10% of Income Tax AND 3% of Income Tax & Surcharge
surcharge apply above rs. ten lakhs and add 3% ed. cess on income tax payable.
Note:
For Women there is no tax upto Rs.1,45,000 and for senior citizens it is Rs. 1,95,000 /-
PL.REFER TWO WEBSITES FOR NRI TAX ISSUES
WWW.TAXWORRY.COM
WWW.NRITAXSERVICES.COM
R.V.RAO
1. Short - term Capital Gains on listed Equity shares
where Securities Transaction Tax(stt) is paid
Rate of T.D.S. 11.33%
Rate of INCOME Tax 11.33%
2.if no stt is paid or if not listed
tds is 33.99%
rate of tax is also 33.99%maximum and
Such income is to be clubbed with all other income and tax will be charged as per prescribed rate given below :
Upto Rs. 1,10,000 Nil
Between Rs. 1,10,000 -
Rs. 1,50,000 10% of income in excess of Rs. 1,10,000
Between Rs. 1,50,000 –
Rs. 2,50,000 - 4,000 + 20% of income in excess of Rs. 1,50,000
Above Rs.2,50,000-Rs 10,00,000 24,000 + 30% of income in excess of Rs. 2,50,000
Above Rs 10,00,000 Rs.2,49,000 +'30% of (total Income minus Rs. 2,50,000
SURCHARGE OF 10% of Income Tax AND 3% of Income Tax & Surcharge
surcharge apply above rs. ten lakhs and add 3% ed. cess on income tax payable.
Note:
For Women there is no tax upto Rs.1,45,000 and for senior citizens it is Rs. 1,95,000 /-
PL.REFER TWO WEBSITES FOR NRI TAX ISSUES
WWW.TAXWORRY.COM
WWW.NRITAXSERVICES.COM
R.V.RAO
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