Short term capital gain of NRI
This query is : Resolved
24 July 2016
I am a NRI, I have sold shares of Indian company stt paid and short term capital gain of rs. 200000 is arrived. I have no any other income. can I use unabsorbed exemption limit of 250000 and how to apply in ITR
kindly suggest
25 July 2016
Short term capital gain is taxable @ 15% in India plus Surcharge. In your case the total income from Short term capital gain is below the minimum income taxable under Indian Income Tax Act. So you file your ITR showing short term capital gains. There will not arise any tax liability for this income.
06 August 2016
Thank you Agarwal sir
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