Capital Gain Resident vs Non Resident
Автор: Naresh Kumar Sankhla
Загружено: 2026-01-03
Просмотров: 1689
Описание:
The capital gains provisions contained in section 112 of the Income Tax Act, 1961 permit only resident individuals to adjust the basic exemption limit against long-term capital gains, such that tax is levied only on the amount exceeding such limit.
This beneficial treatment is not available to non-residents. Accordingly, where the seller is a non-resident, capital gains arising from the transfer of immovable property situated in India are taxable in India irrespective of whether the seller’s total income is below the basic exemption limit or whether the seller has any other taxable income in India. Consequently, the capital gain of ₹2 lakh referred to above would be fully taxable in India at the rate of 12.5% plus cess.
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