Capital Gains – Income Tax & TDS Provisions; With Specific Reference to NRI's

Abstract

Taxability of NRI’s on Capital Gains is a big issue, when more & more Indian youngsters are venturing into foreign lands for greener pastures. More so, TDS provisions relating to such cases are bit harsh. However, the tax authorities offer opportunities to NRIs to reduce TDS Liability, if a specific process is followed. Few paragraphs on the issue will be quite informative for effected NRI’s & Professionals involved in Income Tax practice.