9911796707
TMI BlogTax on income from Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer.X X X X Extracts X X X X X X X X Extracts X X X X ..... an individual, who is a resident and an employee of an Indian company engaged in specified knowledge based industry or service, or an employee of its subsidiary engaged in specified knowledge based industry or service (hereafter in this section referred to as the resident employee), includes income specified in column B of the Table below, the income-tax payable shall be the aggregate of income-t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ub-section (1)(Table: Sl. No. 1), no deduction shall be allowed to him under any other provision of this Act; (b) includes any income referred to in sub-section (1)(Table: Sl. No. 1) and (Table: Sl. No. 2),-- (i) the gross total income shall be reduced by such income; and (ii) the deduction under any provision of this Act shall be allowed as if the gross total income as so reduced were the g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rated outside India, if such depository receipt or certificate is listed and traded on any International Financial Services Centre; (b) "information technology service" means any service which results from the use of any information technology software over a system of information technology products for realising value addition; (c) "information technology software" means any representation o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any other industry or service, as specified by the Central Government, by notification; and (f) "subsidiary" shall have the same meaning as assigned to it in section 2(87) of the Companies Act, 2013 (18 of 2013.) and includes subsidiary incorporated outside India. - Clause 193 of the Bill provides for, inter alia, for special rates of tax on resident individuals employed by an entity engaged ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
