banner_ad

Income tax

ITR Filing 527 views 1 replies

Could anyone help me what would be the tax liability as an NRI for the following incomes in India

1) selling of bonus shares - RS 2 lacs (TDS of RS 33000 has been deducted)

2) Nett income from bank interest after TDS deduction Rs 1.43 lacs ( TDS was Rs 43000)

Could I claim the TDS deducted for selling of bonus shares

What should be the total income I should declare

What tax slab rate I should use for tax calculation - what would be the amt?

Anyone could help me so that I could file the returns through e-filing

Best Wishes - Sethuraman


 

Replies (1)

INCOME

SELLING OF BONUS SHARE : 200000

BANK INTEREST                      :    186000    - 143000+43000

TOTAL :                                      :     386000

TAX

UPTO 160000 - NIL

160000 TO 300000 -  14000

ON NEXT 86000 @ 20% - 17200

TOTAL TAX : 31200/-

CESS @ 3%  - 936

TOTAL TAX PAYABLE - 32196

TDS DEDUCTED : 33000+43000 = 76000

TAX REFUNDABLE :     76000-32196 = 43804

 

SEE THERE IS A SAME SLAB OF 160000 TO NON RESIDENT ALSO.

BUT IN NON RESIDING WOMEN & SENIOR CITIZEN IS NOT CONSIDERED.

ASSUMING U GOT AFTER SELLING BONUS SHARE 200000-33000 = 167000

ASSUMING ASSESSMENT YEAR  2010-11


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details