Clause 214 - Tax on investment income and long-term capital gains. - Income Tax Bill, 2025

Tax on investment income and long-term capital gains. 214. The Income-tax payable, on the total income of an assessee, being a non-resident Indian, which includes income specified in column B of the Table below, shall be the aggregate of the amounts mentioned in column C thereof. Table Sl.No. Income Income-tax payable A B C 1. Income from investment or income from long-term capital gains of an asset other than a specified asset. 20 % 2. Income from long-term capital gains on specified asset. 12.5% 3. Total income as reduced by income referred to against serial numbers 1 and 2. Income-tax chargeable on such income.