Rationalisation of taxation of capital gains on transfer of capital assets by non-residents

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..... de that where the total income of a specified fund or Foreign Institutional Investor includes-- (a) income received in respect of securities (other than units referred to in section 115AB); or (b) income by way of short-term or long-term capital gains arising from the transfer of such securities, the income-tax on the income by way of long-term capital gains referred to in clause (b), if any, .....

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..... o amend the provisions of section 115AD to provide that income-tax on the income by way of long-term capital gains on transfer of securities (other than units referred to in section 115AB) not referred to in section 112A, if any, included in the total income, shall be calculated at the rate of twelve and one-half per cent. 4. These amendments will take effect from the 1st day of April, 2026, and .....

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