BASIC EXEMPTION LIMIT APPLICABLE FOR NON RESIDENT

vijai j (proprietor) (21 Points)

01 March 2025  

CAN A NON RESIDENT IS ELIGIBLE TO CLAIM A BASIC EXEMPTION LIMIT OF RS.250000 WHILE CALCULATING CAPITAL GAIN INCOME

EXAMPLE

AN NON RESIDENT HAVING SHORT TERM CAPITAL GAIN OF RS.900000, WHAT IS TAX PAYABLE FOR FY 23-24? IS BASIC EXEMPTION LIMIT OF RS.250000 APPLICABLE ON THE ABOVE INCOME?