Tax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer – Section 115ACA

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..... an Indian company or its subsidiary engaged in specified knowledge-based industry or service & GDR issued as per ESOP's Tax Rate:- * Dividend on GDR of an Indian company - 10% * Long-term capital gain on transfer of such GDRs * 10% [ Upto 22.07.2024 ] * 12.5% [ From 23.07.2024 ] [ Substituted vide Finance (No. 2) Act, 2024 ] Explanation: "Specified knowledge based industry or servi .....

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..... ry; and * Any other industry or service, as may be specified by the central government Notes:- * "GDR" means any instrument in the form of a depositary receipt or certificate created by the Overseas Depository Bank outside India or in an IFSC and issued to investors against the issue of - * Ordinary shares of company listed on a recognised stock exchange in India; or * Foreign Currency co .....

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