NRI Query..

This discussion focuses on calculating the tax liability for a Non-Resident Indian (NRI) for the financial year 2019-20. The query specifically addresses how to treat income from 'Other Sources' (£19,000) and the long-term capital gain from a land sale (£5,200,000 purchase value £1,100,000, TDS £68,000). A key point of contention is whether indexation benefits apply to the land sale under normal provisions or are restricted by Section 115D of the Income Tax Act.