1.1 Every person who is required to file a return of income or intends to enter into an economic or financial transaction where quoting of PAN is mandatory must have […]
NRI Income Tax
Tax on investment income and long-term capital gains for NRI (NonResident Indian)
115E. Where the total income of an assessee, being a non-resident Indian, includes— (a) any income from investment or income from long-term capital gains of an asset other than a […]
Special provision for computation of total income of non-residents.(NRI)
115D. (1) No deduction in respect of any expenditure or allowance shall be allowed under any provision of this Act in computing the investment income of a non-resident Indian. (2) […]
Deductions and Exemptions for NRIs
Deductions under section 80C Most of the deductions under section 80 are also available to NRIs. For FY 2014-15, a maximum deduction of up to Rs. 1,50,000 is allowed undersection […]