Taxability of income

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34 Points Posted on 14 October 2018
Mr A a non resident aged 62 years is earning rental income from immovable property in India.What will be the maximum amount not chargeable to tax for AY 19-20
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On 14 October 2018 at 11:42 Report
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Total income of 3,00,000 per annum.

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On 14 October 2018 at 11:47
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Chartered Accountant
1272 Points Posted on 14 October 2018
The 3 Lakh and 5 Lakh limit is for Resident Individuals.

Eventhough the Individual is above the age of 60 if he is Non resident then the Basic exemption limit is 2.5 Lakhs only.
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On 14 October 2018 at 11:56

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