non resident
This query is : Resolved
27 May 2009
is basic exemption limit is available for non residents, and setoff of short term capital gains u/s 111a can be allowed against basic exemtion limit for such persons.
27 May 2009
Basic exemption limit:
limit of Rs 1.5 lacs is available to NRIs. But the provision for differential basic exemption limit in case of woman/ senior citizen is not applicable to NRIs.
Section 111A:
As for that. It is applicable to NRIs to the extent that STCG is taxable @15%, but the relief under proviso to the section 111A is not applicable. the proviso says that taxable income minus STCG if less than basic exemption limit is exempt.
limit of Rs 1.5 lacs is available to NRIs. But the provision for differential basic exemption limit in case of woman/ senior citizen is not applicable to NRIs.
Section 111A:
As for that. It is applicable to NRIs to the extent that STCG is taxable @15%, but the relief under proviso to the section 111A is not applicable. the proviso says that taxable income minus STCG if less than basic exemption limit is exempt.
27 May 2009
No.
It is not available.
It is not available.
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