Menu
Taxability of income
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
Replies (2)
Total income of 3,00,000 per annum.
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.
Eventhough the Individual is above the age of 60 if he is Non resident then the Basic exemption limit is 2.5 Lakhs only.
Recent Topics :
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
Related Topics :
CAclubindia
