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tax slab rates

Osheen Bhattacharya (CA Final) (241 Points)

16 April 2010

for a resident the tax slabs are applicable with the basic exemption limits..but wat about non residents?

in the file attatched..in the ques assessee is a non resident..wat rate of tax is applicable to her?

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9 Replies

Dhawal Mohnot (Practicing) (449 Points)
Replied 16 April 2010

for the AY 07-08 she is in India only for 177 days. Therefore she is a non Resident. But income is generated(Deemed to accrue or arise) from India. So she would be liable for tax u/s 9(1)(i).

I guess(Not to sure)she would be charged at a normal tax slab rate for woman during that particular assessment year.Because the section does not mention any rate in specific.

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Dhawal Mohnot (Practicing) (449 Points)
Replied 16 April 2010

and ya non residents are not liable for any exemptions like 80C and stuff . But 10(34) is allowed.

Osheen Bhattacharya (CA Final) (241 Points)
Replied 16 April 2010

it is a ques from may 2007 paper and in the soln they have given tax on 267000 is 30100 + ec..dont know whr dat amt came from..

Dhawal Mohnot (Practicing) (449 Points)
Replied 16 April 2010

ok .... Gift from Husbands friends would be taxable above the exempt limit.... Rent receipts less Standard deduction and less Interest on loan taken.. I think that would get the answer.