30 June 2016
MY ASSESEE IS A NRI AND HE SOLD HIS PROPERTY TO AN INDIAN CITIZEN ON THAT HE GOT THE CAPITAL GAIN OF RS, 825,000/- CAN HE CLAIM THE BASIC EXEMPTION FOR TAX PURPOSE HE DOESN'T HAVE ANY OTHER EXEMPTION EXCEPT INTEREST FROM SAVING BANK ACCOUNT
30 June 2016
Yes, all income are clubbed together and basic exemption is allowed from total Income. Except the income which are taxed at special rate. NAd Long term capital gain is one of them