Nri taxation
This query is : Resolved
24 January 2012
Dear Sir,
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.
Please Reply..
Regards
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.
Please Reply..
Regards
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.
Anuj
Anuj
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
