Tax on income of Foreign Institutional Investor (FII) – Section 115AD

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..... ll be chargeable as under: - Nature of income Rate of tax (i) Interest/Dividend received from FII 20% Specified Fund 10% (ii) Short-Term Capital Gains 30% (iii) Short-Term Capital Gains u/s 111A 15% [ Upto 22.07.2024 ] 20% [ From 23.07.2024 Amended vide Finance (No. 2) Act, 2024 ] (iv) Long-Term Capital Gains, 10% [ Upto 22.07.2024 ] 12.5% [ From 23.07.2024 Amended vide Finance (No. 2) Act, 2024 ] .....

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..... he provisions of this section shall apply only to the extent of income that is attributable to units held by NR (not being a permanent establishment of a non-resident in India) calculated in the prescribed manner. [w.e.f. AY 2021-22] Specified Fund meaning same as assign in section 10(4D) Where the specified fund is investment division of an Offshore Banking Unit, the provisions of this section sh .....

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..... against the income referred to in section: Possible subject to the provision of chapter VI . Unabsorbed depreciation shall not be allowed to be set off against the income referred u/s 115A. On other income normal provisions and normal tax rates shall apply. There is no exemption on filing of return of income. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Ta .....

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