Govt of India Budget 2024 – How Does This Budget Works For NRIs, Seafarers, Other Non-Residents
Budget 2024 has made some significant tax changes for NRIs, Non Residents. One of the major change is taxation of long-term capital gain on property (flat, land, residential house, commercial property, etc) where indexation benefit has been taken away and long-term capital gain tax rate is reduced from 20% to 12.5%. Also, wrt listed shares, capital gain tax rates increased from 10% to 12.50% for long term shares (holding >12 months) and 15% to 20% for short-term shares (holding<12 months). Further, there is slight increase in tax slabs under the new regime which is beneficial for Non-residents.
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nritaxservices Details
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Name : |
nritaxservices |
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Email : |
nritaxservicesinindia@gmail.com |
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Joined Date : |
17-Sep-2024 12:21 pm |
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City : |
New Delhi |
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State : |
Delhi |
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Pincode : |
110001 |
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Address : |
1301A, Naurang House, 21 Kasturba Gandhi Marg, Connaught Place New Delhi – 110001 |
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Website Name : |
NRI TAX SERVICE |
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