If NRI opts for taxing his/her income as per DTAA Rates between India & Japan which is 10 % than my question is whether he/she will get the benefit of basic exemption limit & House Property Loss to be set off.
25 January 2012
Concept of basic exemption is not present in DTAA's and hence once you decide to go in for DTAA rate, then there should be no basic exemption.
CAclubindia
