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 :
- One time commission filing in ITR2
- 600128 HSN rate
- Social Security benefit from US by resident
- E-way notices
- Itr form for Salary income, Interest, Dividend And
- Will my TDS be deducted as NRI?
- PENSION ARREAR RECEIVED - EPS 95 SCHEME
- Processing of Form 144 (prev 27Q)
- Capital Gain on sale of Vacant Land- Whether Demol
- Hello dear I want help .
Related Topics :
CAclubindia
