Capital Gain Tax
Applying for a Permanent Account Number (PAN) card as a non-resident Indian (NRI) is a straightforward process if you follow the right steps. Here’s a detailed guide to help you through the application process:
Capital Gain Tax Planning
Understanding Capital Gains: Capital gains are the profits earned from the sale of capital assets. These gains are classified into two categories:
Short- Term Capital Gains (STCG): Assets held for less than 36 months (24 months for immovable property).
Long-Term Capital Gains (LTCG): Assets held for more than 36 months (24 months for immovable property).
Tax Rates:
- STCG: Taxed at the individual’s income tax slab rate.
- LTCG: Taxed at 20% with indexation benefits.