long term capital gains by any person upto 1lac is exempt.....but why......115E says that NRI investment would be taxable @ 10 % ...?
so can he claim under the 10 38 or pay tax ?
Menu
is 10(38) and 115E ....contradicting ?
Replies (3)
An NRI is given a choice, and if he so decides, then only provisions of said Chapter 115E are applicable to him. As for the provisions, concerned NRI has to file a declaration together with return of income and then only provisions are applicable.
Otherwise, an NRI is to be taxed at par with Residents in said matters.
Refer:: aarrulings/it-rulings
thank u sir
Most Welcome ...
Recent Topics :
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
Related Topics :
CAclubindia
