Section 115G of ITA, 1961 : Section 115G: Return Of Income Not To Be Filed In Certain Cases
ITA, 1961
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Explanation using Example
Imagine a non-resident Indian (NRI), Mr. Arjun, who has invested in Indian stocks. During the financial year, he only earns dividend income (which is his investment income) and also makes a profit from selling some stocks after holding them for more than a year, which qualifies as long-term capital gains. The total of these earnings is Rs. 10 lakhs for that year.
As per Indian tax laws, tax has been deducted at source (TDS) on both the dividend income...
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