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May 7, 2024 · What Is Section 115H Of Income Tax Act? Non-residents can avail certain privileges under Chapter XII-A of the Income Tax Act. This allows them a special tax concession of 20% on their income from foreign exchange asset investments. However, this special tax rate does not apply to resident Indians.
Jan 16, 2024 · Explore the benefits and provisions of Section 115H under the Income Tax Act, designed to facilitate the taxation of returning Indians and non-resident Indians. Learn how this section impacts your financial planning and tax obligations.
Mar 9, 2023 · Section 115H of Income Tax Act amended by Finance Act & IT Rules. Benefit under Chapter XII-A available even after assessee becomes resident.
Jun 26, 2020 · Analysis of Section 115H of the Income Tax Act 1961: This section applies to the assessee who was NRI in the previous year and becomes an Indian resident in the current Financial Year.
Section 115H in The Income Tax Act, 1961. 115H. Benefit under Chapter to be available in certain cases even after the assessee becomes resident. - Where a person, who is a non-resident Indian in any previous year, becomes assessable as resident in India in respect of the total income of any subsequent year, he may furnish to the [Assessing ...
INCOME TAX SECTION 115H - Benefit under Chapter to be available in certain cases even after the assessee becomes resident. Description.
Services for businesses. Trademark. TDS returns. section 115h return of income not to be filed in certain cases income tax act 1961 1998.
