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What Is The Income Tax Rate For Capital Gain To A Non Resident Indian? |
A non neighbourhood indian has sold a inherited Urban Non agriculture Land in india. What will be the tax rate on such seat of government gain in india? Is he liable to file income tax return in india if the purchaser has deducted TDS while making Payment?
| Answer: Payment of LTCG tax @20% along with interest, unpaid by the NRI, is the responsibility of the buyer. Hence the buyer must deduct tax at source. The NRI is liable to file income tax gain in india. HMT |
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The Chancellor said: "Low and mid-point income savers who pay income tax at the basic rate make up over half of all capital gains taxpayers.
Earlier extensive-term gains were taxed at a flat rate of 20 per cent after indexing it for inflation. However, now it will be added to your income after
The bill would force them to pay normal income tax rates, the top rate is currently 35 percent, on much of their earnings. The latest compromise would
The outset for income tax payments will increase by £1000, to £7475, beginning April 2011, Mr Osborne also announced. Some 23 million people are expected
