Question And Answer
Subject: Non-Resident and declaring LTCG
Querist: Shail Patel
Answered by:
Tags: , , ,
Date: July 6, 2023
Query asked by Shail Patel

Does NRI have to update LTCG in schedule 115AD(1)(b)(iii)provisio but this schedule is enabled only for FII/FPI. So, how does NRI declare and specify LTCG details in ITR2?

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Answer given by

NRI must declare LTCG details in ITR 2 under section 112 (c) of the Income tax Act, 1961.

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